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Stock impact report

Read 4 brutal quotes of Dave & Buster's interim CEO absolutely tearing into the company's previous leadership [Business Insider]

Dave & Buster's Entertainment, Inc. (PLAY) 
Last dave & buster's entertainment, inc. earnings: 4/2 04:33 pm Check Earnings Report
US:NASDAQ Investor Relations: dave.com
Turnaround plans include a "back to basics" strategy and new attractions like a "human crane" game. Dave & Buster's is on a losing streak. On Monday, the company reported a net profit of $9.3 million for the fourth quarter, a 74% year-on-year decline. Its stock has shed 70% of its value in the past year. On its earnings call, the company's interim CEO tore into the company's past leadership decisions. An analyst asked Kevin Sheehan why the company was struggling, including whether competitors' growth had hurt Dave & Buster's. "I'd like to use the excuses, it's the competitive thing, but it's not. I think it was mostly our own execution," Sheehan said. Sheehan used the earnings call to lay out a turnaround plan for the business, but the call was also peppered with some scathing criticisms. Here's a sampling of Sheehan's quotes: On previous management's decisions: "In attempting to improve the business that was already doing well, prior leadership made very dramatic and cha Show less Read more
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