Dave & Buster's Entertainment, Inc.

Good afternoon, everyone. Welcome to the Dave & Buster's Entertainment Incorporated Third Quarter 2021 Earnings Results Conference Call. Today's conference is being recorded. Now I would like to turn the conference over to Scott Bowman, Chief Financial Officer, for opening remarks. Please go ahead.

Thank you, Keith, 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'll 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 results, I'd like to call your attention to the fact that in our remarks and 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 related 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 afternoon. which is also available on our website. Now I'll turn the call over to Kevin.

Thanks, Scott. Good morning, everyone. I'm very excited to be in this new role here at Dave & Buster's at this seminal point in our story. We have an exceptional business model, strong assets, and a talented group of team members who are delivering outstanding service and experiences to our guests. And we continue to add talented individuals to our organization. As announced in a separate press release, we are welcoming Antonio Batista to our management team to fill a newly created role of SVP and head of international development. He brings outstanding experience and an impressive track record of growing businesses internationally. And we believe Antonio is the right person to take Dave & Buster's to international markets. Also, stay tuned for an impending announcement on Scott's replacement. Scott has been the consummate CFO, and his efforts will be greatly missed. I want to thank him on behalf of the board and the D&B team for his outstanding service. As you know, we have made great progress in reopening and building back sales, but we also know there is a lot more to do to unlock the substantial potential of this business. As I said in our press release, we are beginning a new phase of innovation, growth, and value creation here at Dave & Buster's. Let me share with you what I mean. We have a great brand with significant scale, a passionate team, and a fleet of stores in high-traffic, high-volume destination trade areas. Our intent is to optimize our current store's full potential and accelerate innovation to drive incremental traffic to our brand. In order to accomplish this goal, we are laser focused on organic growth. This will be accomplished by optimizing the performance of our existing stores while continuing to achieve best-in-class returns on our new stores. With respect to organic growth, we will broaden our entertainment offering to include more immersive sports viewing experiences, including improvements to the watch environment and the addition of fantasy sports and a sports betting option as permitted. We also see significant opportunity to drive traffic in our off-peak days and day parts, and we are evaluating a variety of initiatives to extract more value out of our existing stores. Finally, we will amplify our best-in-class arcade with a summer games rollout supported by a significant marketing campaign. To help fuel organic growth, we will accelerate a refreshed remodel program that will give our existing stores a fresh look. And we are also evaluating relocation opportunities in some of our legacy markets where we can open new, more efficient stores and capitalize on higher potential locations. Think of one 75,000 square foot store built 30 years ago in a part of town that has become less optimal and replacing that store nearing the end of its lease term with possibly two strategically located new stores in more relevant parts of town that accelerate growth in that market. Think one plus one equals three. Finally, we will continue to refine our store layouts and sizes to optimize their market potential. We are making significant progress in this area and recent results are showing much higher returns than anticipated. This will meaningfully expand our brand's potential in coming years. I'm very excited about the future of this company. We have meaningful upside, and as you can see from our third quarter results, we are on our way to realizing that potential. At this time, Scott is going to cover our third quarter results and share some thoughts on our expectations for the fourth quarter, After that, our COO, Margo Manning, will update you on our operations. Scott? Thanks, Kevin.