everyone. you, Thank Kevin, good and afternoon,
We During fully We history. have fiscal the XX opened progress completed make XX of to our stores generate we quarter, which strong have we are as the track programmed on demonstrated goals. by XXXX. strategic throughout our towards remodels and are long-term track new returns, X end to cash-on-cash new on continued completed to
fully give EBITDA. for programmed of and drive the these to remodels the excited base, remodels are we to sales traffic rest store the us Our outperform continue opportunity and
prospects the year-over-year managers. that new about sales the rollout following event strong events in season holiday upcoming growth a in saw our special and menu remain of optimistic in-store we've we peak for Additionally, the our banquet of business the our made and and business our investments
weather remodel as mismatch, volume to third they material our compared as regions the which construction. quarter, were fiscal lowest our negatively Despite our of in important to comp this prior year many progress, the adverse quarter seasonal is and stores year financial set calendar historically by underwent results disruption across for the a impacted certain
With store pipeline new additional into to Buster's Barboursville, store X in year-to-date. XX new line for & in Main X we new Rapids, consistently grand historically stores, third high West stores and opened bringing we Clarksville, and ROIs. of Lombard, In the opened fiscal Dave Virginia expect Quarter-to-date X have slipping & openings Tennessee, balance total with X XXXX, in and store and this Grand domestic QX, quarter, in X or new Event new the Main us we to our Buster's X open & expectations new performed Michigan. opened Event stores and year. Our in above a X Illinois Dave Buster's Dave of
store in expect fiscal with we the to this in months end On franchise total our by partners international the and XX international respective first franchise the across next stores India Bengaluru, open have development of front, our year the X globe.
a through of growth progress on initiatives. step X let's now organic update our each So brief key
marketing First, optimization.
past, believe in top of we the to is effectiveness improving by We we've said benefit awareness line marketing. there drive from brand our opportunity an the As in industry. highest the the
are strong scores that our experience from they come know NPS our stores, very also with. happy an We that when they have customers to
is deliver messages time. focused effectively quality What of creative that on right we breadth, at people those ensuring most we that we that the value the and have have communicates offerings and to our been right the
targeting strategy models. we During new our spend then, digital And as including analytics marketing our we the capabilities onboarded agency. since well well testing a our of comprehensive have a as and review quarter, our marketing, media as as customer done fully media mix,
had better this when improve including, various optimize the our work, impact. that discovered effectiveness on things, the we marketing digital to the opportunities are spend capabilities media return other as to dollars amongst greatest the of our track well we ensuring spending have and implementing periods as they strategy, Through during
from Eat we recently the offerings. Play & across drive a & the soft like Winter launch value of test pricing to the which and X the & a revamped of We quickly promotional which moving of aims visit is offering breadth aimed communicate amount drive attach to test system-wide. beverage recently attach at attractive But beloved seen Pass, loyalty, since did frequency out launch the demonstrate the Dave Buster's stores value & we at relaunched significant tiers. food and and past and have Buster's have to Combo, full a of are XX additionally, roll we Dave Dave On and providing and while Buster's what side,
million creative, both quite Our with believe over the over we loyalty brought get In as media our members customers X the material the often valuable as the promotional us out make more This in resources help on database database to from growth. we have of program visit the our loyalty loyalty our improve well our the further position visits. unlock now is database. get us Overall, we and their improvements calendar have and loyalty grow and and we loyalty our continue additional in to program us as spend our exists value of the to significant members. program, has to external our recent optimize spend, opportunity months, value, X.Xx customers to we more continued and internal course our believe
games pricing. Second, strategic
pricing strategic games initiatives upside. show continues significant to Our
in prior not year, reminder, a As than prices to had this more the increased years. XX company chip
have the the to out testing, the results still and higher that the offerings value macro demonstrate time we while we appropriate pricing communicate appropriate we rolled cautiously our the country environment promotional at the our and after guests. compelling games ensuring across of Given offer
our unlock level further also only the excited we the enhance the over data. coming capabilities should increasingly game about excited we to for last are strategic we proposition of the as We're system to Midway been granular our adjustments based real-time have about months, number able our are provide enhanced months on that which performance in price several a We allows investments planning guests. for value store
will We of be always and are leadership we have it have for this Miami key the of including solidify look using out-of-home to installed spring in known entertainment the Dallas We Dave what in Human and our the forward new and Buster's excitement is our on set innovating advance games in. which tested space. The adding of offering will position a differentiator we Crane, stores the to launch and & to number stores business. XXXX, our tangible be which in in to Games majority
Beverage. and Food improved Third,
opportunity by revamped and customer the games. levels Earlier EBITDA improved supported returning Food efficiency a this presents to which reminder, attachment another service year, our revenue and its As guest boost our historical with and were quality service and and to our to model engagement of enhancing segment experience, iterations menu. Beverage new by
rate. revenue, quarter F&B IV Phase menu, F&B our show satisfaction of improvements X August in concentrating are continuing events. in X attach the the signs, special enhancements and Consequently, third versus on the year. prior also up F&B checks and of beverage launch Phase scores innovation These encouraging our number to saw points drove positive guest
and overall a offering. come now with compelling spot have We long a way in are our very F&B
Fourth, and continue & completed to fiscal the XX quarter additional Buster's to in remodel of by third the total XXXX. expect remodels. end complete remodels We XX of Dave the stores
room, the and easily ROI. experience which like the programmed, electronic highest entertainment combined initial arena, As modernized that and the offering, substitutable drive electronic The initiative, immersive to darts highest remodel of returns. started of a we could new refer that with as which our sports this and to and prototypes reminder, game was we remodels dining a shuffleboard, a which fully broadest tested we the effort see when new number room offerings drove bar conclusion had different our the
We It as remodels that we also see are additional early encouraged of top that, fully note is in journey. still we progress our in and effort, remodel important on performance. the program to continue improved our are this aggregate, benefits expect to line demonstrate to we stages
all across upon this Our fresh & feel end which our give us transforming like stores entire fully programmed Dave prototype completion. fiscal experience the by a the will of system. holistic commitment stores portfolio the to rollout our underscores And plan and will year, of Buster's program look new
events. special Fifth,
our prior other well Our business continued significantly of than higher the up events the to the business is the historically digits perform to the holiday year. a season percentage events mid-single quarter, year. as fourth third in periods of prime bodes This quarter well over for special sales special
is marketing and drive more supporting paid special now media, appropriately digital with channels utilizing by Our cross-selling. experiences backs bounce events that in-store
test also reach. expand exploring offline are media to We
year, which is signs highly encouraging on double addition deposits strength group this seeing for of events has by approach teams. been effective with our group increasingly manager The our the time special advancements for versus training our with hands-on sales last enhanced are premise We up online events booking low supported the in into engine. the digits of stores customer proving of
we should in sales dedicated program managers of with our While business, targets indicates we outperformance the additional of stores stores upside in to the level XXXX far expand special our events investments continued comfortable achieve the current at labor feel to internal quarter. this thus
Finally, enablement. technology
of Our and enhancements, property server throughout service connectivity year the was supporting satisfaction our updated significant will us integrate loyalty enhancements foundational enhance remodels, new IT better and model, guest gaming into program all have and which in new analysis and infrastructure kitchen insights strategic ecosystem, allow level engagement. to which
On allow take will we margins are results significant encouraged about center importantly, experience, aim G&A unlock store the hold we additional the years and optimize making are team top margins a level in front, at which various amount to the that to us rewarding enhancing but our and cost productivity, in level our and year scale our quarters. the while further cost coming of line costs level simultaneously don't guest us infrastructure improve by rigorous store investments as are challenging the require the that we to service IT initiatives achievement. to and this a finding enhancing and ways systems continuous in portfolio management resources of reduce achieved Most we improvement our the ways will remain in ahead. members' allow grow structure The P&L,
Okay.
store prior Turning XXXX, additional quarter financial sales some like-for-like the period. calendar X.X% fiscal versus to In our a decreased of third detail. basis comparable on
measures $X.XX loss EBITDA of million, of million margin adjusted $X.XX revenue release. found of diluted loss net million XX.X%. in share, of or be diluted today's adjusted press of all During $XX the in financial share and Reconciliations of per $XX an $XXX generated net per $XX we resulting quarter, non-GAAP adjusted can million, EBITDA or
on as lowest the an And from decline in quarter reminder, in and the impact adjusted margin same-store EBITDA year-over-year quarter than is volume adjusted third and quarter a sales perspective. fiscal the margin seasonal a EBITDA our both a year. changes result, has in other any outsized of As EBITDA
not As you typically know, provide we guidance. do
at XX-week as give fiscal prior appropriate felt factors, comparability expect where we well of perspective lack shifts on time year significant to a lapping calendar to our a amongst the fiscal year it year as in we the of given end However, this the year, up. the other XX-week
a of well a range what increased we on bookings special side, portion seeing we quarter, new million forward for facility $XXX liquidity. X sales senior we upsized loan walk-in adjusted million the $XXX XXXX. in EBITDA in event in extended due are paid opportunistically XXXX in of and the the principal that existing revolving term be due within fiscal on And and to as million redeemed million. were expect credit we years Based refinanced by trends $XXX the as remaining to maturities, million $XXX million debt of and $XXX XXXX. to of term In our costs maturity minimize raised principal capacity interest extend We of a our due million to its loan notes fresh XXXX. XXXX. our the our We $XXX down outstanding We amount $XXX
term thank reemphasizes the we to transaction, in business. support our the sheet which like our bank financial solidifies this also long our continue in for as balance plan. partners partners I'd invest confidence in for go-forward to flawless our It important execution our have the and consistent
We third for cash with balance quarter combined on the million transaction outstanding $XXX on operating $X quarter, our the for additional million million the real estate Buster's had outflow million with available million proceeds. ending $X a total of of $XXX real revolving $XXX store with X closed million an during of net of of estate upsized liquidity when sale-leaseback a partner in credit & We the an institutional Dave generating credit. facility, $XX.X letters cash
when transaction, estate to property to find more replenish into allow owned leaseback X real sale this investment X and of types real and transactions growing have pipeline with existing being for the wholly and in proceeds assets to the operating decide owned closed $XX attractive property we quarter, million in our to We these with year-to-date methodical the open year. assets. takes further Coupled our nearly we fiscal capital second we and this business of and us scheduled today, how to later monetize our
capital was during invested to over Turning considered growth spending. additions of CapEx. quarter, total $XXX million and which We XX% the a capital of
levels, of in of $XX value total due shares company's repurchased bringing to million shares year-to-date our $XX in of quarter, shares end During the X of belief the million, our to the repurchases shares, significant we see fiscal as current million at 'XX. the we representing X.X% or outstanding
into drive still million future, closely work healthy other repurchase to to and value. repurchase growth, We cash shares. to opportunities Board our flow evaluate remodel new $XXX our share our have opportunistically remaining expected investments our authorization our approved growth the will with free maximum With store Board shareholder we accretive repurchase share on program,
can can to performance. the address to related or might and changes, Kevin Kevin I have. management Now take any I topics business our be those any Board to answer would you happy questions and related
So open for line operator, questions. please the
