Dave & Buster's Might Need to Rethink Its Expansion Goals

Dave & Buster's Entertainment (NASDAQ: PLAY) is still reeling from the impact of COVID-19 restrictions, which threaten to keep hurting the business well into 2021. In a conference call with Wall Street analysts last week, CEO Brian Jenkins and his team highlighted a few encouraging signs regarding customer traffic in newly reopened stores. Customers have a strong appetite for our resilient brand, and are anxious to inject fun back into their life ... [and], absent COVID resurgence, our stores are on a clear maturation curve, showing sequential comp sales improvement as each week passes.