PLAY — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-06-15

• •Net income totaled $5.7, or $0.16 per diluted share, compared to net income of $21.7, or $0.62 per diluted share in the first quarter of 2025.

• •Adjusted EBITDA of $123.2 decreased 9.5%, or $12.9, from the first quarter of 2025. See further discussion of Adjusted EBITDA, a non-GAAP measure, at Non-GAAP Financial Measures below along with a reconciliation to net income, the most comparable GAAP measure, at Reconciliations of Non-GAAP Financi…

• The following table sets forth selected data for the periods indicated. All information, except for Company-owned stores at the end of the period, is derived from the accompanying Consolidated Statements of Comprehensive Income.

• The following table reconciles Net income to Adjusted EBITDA for the periods indicated:

• (5)The amount related to the 2026 first-quarter period ended May 5, 2026 consisted primarily of $1.9 loss on property and equipment transactions and $0.8 of severance costs. The amount for the 2025 period primarily consisted of a $3.8 loss on property and equipment transaction, $0.9 of discretionary…

Text removed vs the prior filing · source: 10-Q · 2025-12-09

• •Adjusted EBITDA of $59.4 decreased 13.0%, or $8.9, from the third quarter of 2024. See further discussion of Adjusted EBITDA, a non-GAAP measure, at Non-GAAP Financial Measures below along with a reconciliation to net loss, the most comparable GAAP measure, at Reconciliations of Non-GAAP Financial …

• On May 6, 2024, the first day of the second quarter of fiscal 2024, the Company changed its fiscal year to end on the Tuesday after the Monday closest to January 31st. Prior to the change, the Company’s fiscal year ended on Sunday. The change was made to improve labor and operational efficiencies by…

• Three Months Ended November 4, 2025 (the “third quarter of 2025”) Compared to the Three Months Ended November 5, 2024 (the “third quarter of 2024”)

• The following table sets forth selected data for the periods indicated. All information, other than Company-owned stores at the end of the period, was derived from the accompanying unaudited Consolidated Statements of Comprehensive Income.

• (2)We reclassified certain costs and gains for the 2024 period from “Other store operating expenses” and “General and administrative expenses” to “Other charges and gains.” See Note 1 to the consolidated financial statements for further discussion.

Text added vs the prior filing · source: 10-Q · 2026-06-15

• Our borrowings under the Credit Facility, discussed further at Note 4 to the unaudited consolidated financial statements, bear interest based on variable interest rates. As of May 5, 2026, the Company had $150.0 outstanding on its revolving facility and an outstanding balance of $1,380.5 on its term…

• Severe increases in inflation, whether due to imposed tariffs or standard economic conditions, could affect the United States or global economies and have an adverse impact on our business, financial condition and results of operation. If several of the various costs in our business experience infla…

Text added vs the prior filing · source: 10-Q · 2026-06-15

• On April 27, 2026, the Board of Directors appointed Charles Protell to the Board and nominated Mr. Protell for election by the shareholders at the Annual Meeting to continue his service as a director.

• None of our officers or directors, as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934, adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, during the three months ended May 5, 2026.

Text removed vs the prior filing · source: 10-Q · 2025-12-09

• On December 8, 2025, the Company appointed Mr. Tony Wehner as its President, Main Event brand, effective January 1, 2026.

• Mr. Wehner, 57, joined the Company through the acquisition of Main Event on June 29, 2022, and has served as Senior Vice President and Chief Operating Officer of the Company since July 2022. He served as Chief Operating Officer of Main Event from January 2021 to July 2022. Prior to that, Mr. Wehner …

• an American gastropub restaurant chain, from June 2017 to January 2020. He also previously held various operations roles with Logan’s Roadhouse, a roadhouse theme steakhouse chain from 2016 to 2017, On the Border LLC, a Mexican grill and cantina, from 2010 to 2015, and the Chili’s Grill & Bar and On…

• In connection with his appointment, the Company and Mr. Wehner have entered into an amended employment agreement (the “Wehner Amended Employment Agreement”) providing the following compensation terms: (i) an annualized base salary of $450,000 per year, (ii) an annual cash bonus with a target bonus o…

• The Company is not aware of any arrangement or understanding between Mr. Wehner and any other person pursuant to which he was appointed as the position of President, Main Event brand. Mr. Wehner does not have any family relationships with any of the Company’s directors or executive officers or a dir…