Dave & Buster's looks overseas for growth

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Dave & Buster's looks overseas for growth
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The company says most of its systems have since been restored and an investigation into the cyberattack is ongoing.

Dave & Buster's has more than 160 locations in the U.S. — and more than 220 when including locations of Main Event, which it purchased in 2022.Dave & Buster's Entertainment Inc. is emphasizing a new avenue for growth, and it's one that has resonated on Wall Street.it has struck a franchise partnership to develop two new locations of the food and arcade chain in the Dominican Republic.

That boosts the pipeline of international Dave & Buster’s locations planned through franchise agreements to 33 across six countries. They are expected to open in the next 12 to 18 months. Antonio Bautista, chief international development officer for Dave & Buster’s, called the deal"a noteworthy milestone in our global growth strategy" and said the Dominican Republic's"vibrant market ... presents a fantastic opportunity for us to bring the unique Dave & Buster's experience to new guests.

The market has responded favorably to the company's plans: shares closed April 3 at $68.29, up about 9% this week. In the past year, its share price has roughly doubled. Meanwhile, comparable-store sales fell 6.2% year-over-year in 2023, including Main Event locations, but were 8% higher than 2019, Dave & Buster's said.in NovemberShuttered Iron Cactus restaurant space on key downtown Dallas block finally sees new lifeWFAA would like to send you push notifications about the latest news and weather.

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