These once-trendy specialty chains are flipping the script.
Sign up for our newsletter!Nobody was playing games during the pandemic. At least not at densely populated entertainment and arcade establishments like Dave & Buster's.
In 2020, after a tumultuous couple of years, the brand announced it was looking at bankruptcy. It had laid off 1,300 workers and reported a same-store sales drop of 87% during the second quarter that year, according toWhile it looked like the"eatertainment" aspect might fall off the map, the first vaccinations debuted just in time and helped lift restrictions later that year, saving the chain from a Chapter 11 filing.
When the economy opened, many customers felt a renewed drive to socialize and Dave & Buster's was the perfect place to do it. From the brink of collapse, the arcade restaurant turned around to see record sales. This year, Dave & Buster's revenue increased 24%, to a record $451.1 million. That is almost double the revenue of last year and well over 2019's $363.6 million. Additionally, the company saw new highs in net income and 800,0000 downloads for its loyalty program in the first quarter, according to
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