By Elias Schisgall

Dave & Buster's Entertainment reported a wider loss and saw same-store sales continue to slide in the third quarter as Chief Executive Tarun Lal looks to improve the company's financial position.

Comparable sales declined by 4%, compared with the 3.2% decline expected by analysts polled by FactSet.

Despite the decline, Lal, who last quarter said the company's previous leadership had failed to execute a turnaround strategy, said Tuesday that his efforts to improve operations were beginning to pay off.

"We saw sequential improvement in same-store sales each month, with the final month of the quarter down only roughly one percent," Lal said, adding that food and beverage sales were buoyed by a new menu launch. "We are laser focused on executing our back-to-basics plan, strengthening our culture, elevating the guest experience and fully realizing the significant potential of our unique and iconic brand."

Dave & Buster's posted a loss of $42.1 million, or $1.22 a share, widening its loss of $32.7 million, or 84 cents a share, a year earlier.

On an adjusted basis, the Dallas-based company saw a loss of $1.14 a share, steeper than the loss of $1.04 a share expected by analysts.

Revenue fell to $448.2 million, compared with $453 million a year earlier. Analysts were projecting $460.4 million in revenue.

The decline was driven by a dip in entertainment revenue to $279.4 million, down from $294.6 million a year earlier. That was offset by a rise in food and beverage revenues to $168.8 million, compared with $158.4 million a year earlier.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

December 09, 2025 16:25 ET (21:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.