Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Q1 2017 Earnings Conference Call - Final Transcript

Jun 06, 2017 • 05:00 pm ET

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Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Q1 2017 Earnings Conference Call - Final Transcript

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Presentation
Executive
Stephen King

buildings and teams ready to handle the typically strong opening weeks that we have in new stores.

Of the 12 stores planned for 2017, seven stores will be in new markets for D&B, with the remaining stores located in markets where we already have a brand presence. In terms of square footage, as we said before, we'll continue to use the entire range between 25,000 and 45,000 square feet.

We expect six large stores this year at approximately 40,000 square feet, two stores to be between 31,000 and 35,000 square feet and the remaining four stores to be 30,000 square feet or less are small stores.

As developers continue to pivot towards more entertainment options, our position as a premier sought after entertainment and dining concept continues to strengthen. We remain well positioned to capitalize on these opportunities, but are selective in picking the best sites for our brand.

With respect to the four remodels that we plan for this year, we remain on track to complete these by the end of the second quarter and before the start of the football season. Excluding these four stores, our remodeling work is substantially complete.

So in conclusion, we had another strong quarter. We raised guidance for the full- year and we remain focused on returning value to shareholders, including share repurchases. As always, we appreciate your continued support and interest in Dave & Buster's.

Operator, please open the line for questions.