Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Q1 2022 Results Earnings Conference Call June 7, 2022 8:30 AM ET

Company Participants

Michael Quartieri - Chief Financial Officer

Kevin Sheehan - Chairman and Interim Chief Executive Officer

Margo Manning - Senior Vice President and Chief Operating Officer

Conference Call Participants

Jake Bartlett - Truist Securities

Nicole Miller Regan - Piper Sandler

Andrew Barish - Jefferies

Patrick Johnson - Stifel

Jeff Farmer - Gordon Haskett Research Advisors

Andrew Strelzik - BMO Capital Markets

Brian Vaccaro - Raymond James

Operator

Good morning and welcome to Dave & Buster's First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note this event is being recorded.

I would now like to turn the conference over to Michael Quartieri, CFO. Please go ahead.

Michael Quartieri

Thank you, operator. And thank you all for joining us today. Joining me on today's call are Kevin Sheehan, Interim Chief Executive Officer, and Margo Manning, Chief Operating Officer. After our prepared comments, we will be happy to take your questions. This call is being recorded on behalf of Dave & Buster's Entertainment Incorporated and is copyrighted.

Before we begin our discussion on the company's results, I'd like to call your attention to the fact that, in our remarks, our responses to questions, certain items may be discussed which are not entirely based on historical facts. Any of these items should be considered forward-looking statements relating to future events within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those anticipated. Information on the various risk factors and uncertainties have been published in our filings with the SEC which are available on our website.

In addition, our remarks today will include references to financial measures that are not defined under Generally Accepted Accounting Principles. Investors should review the reconciliation of these non-GAAP measures to the comparable GAAP results contained in our earnings announcement released this morning, which is also available on our website.

Now, I'll turn the call over to Kevin.

Kevin Sheehan

Thanks, Mike. Good morning, everyone. We're very pleased to report yet another quarter of outstanding financial results. We set records for revenue, net income and adjusted EBITDA in the first quarter, reflecting both progress toward returning to a normalized operating environment and our success in driving top line growth.