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Dave & Buster's Entertainment names new CEO
Dave & Buster's Entertainment names new CEO

Yahoo

time4 days ago

  • Business
  • Yahoo

Dave & Buster's Entertainment names new CEO

Texas-based US operator of entertainment and dining venues Dave & Buster's Entertainment has announced the appointment of Tarun Lal as its CEO and a member of the board of directors. Lal brings 25 years of experience from Yum! Brands, where he recently served as president of KFC US, overseeing all operations across the country. His previous roles include global chief operating officer for KFC and managing director of KFC's operations in the Middle East, Turkey, Africa, India and Pakistan. Lal stated: 'Dave & Buster's and Main Event are iconic, highly differentiated brands with exceptionally large and loyal customer bases, outstanding unit-level and new unit economics and huge potential for growth. 'I have been deeply impressed with what I have seen so far and sincerely look forward to working closely with our team and the board to deepen our connection with our guests and team members and drive immediate and long-term growth and value for all stakeholders.' Dave & Buster's board chairman and interim CEO Kevin Sheehan stated: 'Tarun is a talented leader and seasoned operator with a highly successful track record of growing and improving businesses and brands in the US and around the world. 'We are confident he will have an immediate impact, grow our business and create substantial shareholder value.' Founded in 1982 and based in Coppell, Texas, Dave & Buster's operates 236 venues across North America under its two brands: Dave & Buster's and Main Event. The company has 175 Dave & Buster's locations in 43 US states, Puerto Rico and Canada. In May 2025, Dave & Buster's began construction on its inaugural venue in the Philippines as part of its global expansion strategy. The location at the Opus Mall, Manila will introduce the brand's combination of games, food and sports viewing to the country's market. It aims to be a premier entertainment and dining destination, featuring a variety of American and local cuisine, cutting-edge gaming options, and event spaces for sports fans. "Dave & Buster's Entertainment names new CEO" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Why Dave & Buster's (PLAY) Stock Is Falling Today
Why Dave & Buster's (PLAY) Stock Is Falling Today

Yahoo

time4 days ago

  • Business
  • Yahoo

Why Dave & Buster's (PLAY) Stock Is Falling Today

Shares of arcade company Dave & Buster's (NASDAQ:PLAY) fell 4.7% in the afternoon session after the company announced the appointment of former Yum Brands executive Tarun Lal as its new Chief Executive Officer. The entertainment and dining venue operator named Lal, who most recently served as President of KFC U.S., as its new CEO and a board member, effective July 14. The move follows the resignation of former CEO Chris Morris in December 2024. While the company's board expressed confidence that Lal's successful track record of growing brands would have an immediate impact, the initial market reaction was muted. The stock's dip suggests investors may be taking a wait-and-see approach as the new leader takes the helm during what has been a challenging period for the company. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Dave & Buster's? Access our full analysis report here, it's free. Dave & Buster's shares are extremely volatile and have had 42 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Dave & Buster's is up 0.7% since the beginning of the year, but at $30.49 per share, it is still trading 27.4% below its 52-week high of $42.02 from November 2024. Investors who bought $1,000 worth of Dave & Buster's shares 5 years ago would now be looking at an investment worth $2,222. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Dave & Buster's Entertainment Names Yum Brands Executive as CEO
Dave & Buster's Entertainment Names Yum Brands Executive as CEO

Wall Street Journal

time5 days ago

  • Business
  • Wall Street Journal

Dave & Buster's Entertainment Names Yum Brands Executive as CEO

Dave & Buster's Entertainment PLAY -0.68%decrease; red down pointing triangle named Tarun Lal as chief executive officer, bringing in a fast-food restaurant executive to boost the arcade-restaurant operator's performance. Lal, who also joined the board, has over 25 years of experience at Yum Brands YUM -1.75%decrease; red down pointing triangle, including most recently serving as president of KFC U.S.

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