NEW YORK - 
(NewMediaWire) - December 18, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Dave & Buster’s Entertainment, Inc. (“Dave & Buster’s” or the “Company”) (NASDAQ: PLAY).
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On December 10, 2024, after market, Dave & Buster’s reported third quarter 2024 (“Q3 2024”) financial results and that “Chris Morris, the Company’s Chief Executive Officer (“CEO”), has tendered his resignation as CEO and Director to pursue other interests.” The Company further disclosed that “[t]he Board has been working with Heidrick & Struggles, a global executive search firm, for the last few months to assist in identifying the Company’s next permanent CEO and has already started meeting potential candidates.” The Company also reported a 3% decline in Q3 2024 revenues and a 7.7% decline in comparable store sales compared to the third quarter of fiscal 2023.
Following this news, Dave & Buster’s shares fell $7.39 per share, or 20%, to close at $29.41 per share.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com