Dave & Buster's Same-Store Sales Continue Decline as Third-Quarter Loss Widens
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...
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