Dave & Buster's Holdings Inc. reported mixed financial results for the first quarter of 2025, with adjusted earnings per share of $0.76 and revenue of $567.7 million. The company recorded a net income of $21.7 million. Same-store sales declined by 8.3% during the quarter, including an 11.9% drop in February, though the company noted sequential improvement in sales trends attributed to its "back to basics" strategy. Despite the year-over-year declines in revenue and comps, Dave & Buster's expressed confidence in improving metrics in the coming months. The company is also continuing its search for a new CEO. Meanwhile, shares of Dave & Buster's (ticker: PLAY) rose 5.9% in pre-market trading following the earnings announcement. Separately, Do&Co shares increased over 4% after reporting a strong Q4 performance with improved margins and reduced debt.