What Dave & Buster's Entertainment, Inc. told the SEC could break it.

Dave & Buster's is exposed to market-price fluctuation in food, beverage, supplies and energy, and given the historical volatility of certain food-product prices — including proteins, seafood, produce, dairy products and cooking oil — these swings can materially affect its operating results, especially if it cannot pass increases through to customers without hurting demand.

“Given the historical volatility of certain of our food product prices, including proteins, seafood, produce, dairy products, and cooking oil, these fluctuations can materially”

Dave & Buster's borrowings under its Credit Facility bear interest at variable rates, with $170.0 million outstanding as of February 3, 2026, exposing it to interest-rate risk, and its capital-intensive store-growth and remodel program (net capital additions of $233.1M) relies partly on landlord reimbursements and sale-leaseback proceeds; a 2025 net loss of $48.7M ($1.40/share) underscores sensitivity to rising rates and softening demand.

“Our borrowings under the Credit Facility, discussed further in Item 7 at Liquidity and Capital Resources - Debt bear interest based on variable interest rates. As of February 3, 2026, the Company had $170.0 outsta”

Dave & Buster's faces tariff and trade-regulation risk outside its control: the cost of purchased materials (including amusement games and store products) may be influenced by tariffs, and the company disclosed actual tariff cost pressure in the second half of fiscal 2025 partially offsetting amusement-margin gains; to the extent it cannot pass these increases to customers, results may be adversely affected.

“Additionally, the cost of purchased materials may be influenced by tariffs and other trade regulations which are outside of our control. To the extent that we do not pass along cost increases to our customers, our results of operations may be adversely affected.”

Dave & Buster's relies on multiple short-term supply contracts with a limited number of suppliers for ingredients and store products; if any of these suppliers fails to perform or distribute, the company may be unable to replace them on acceptable terms in a short period, which could raise costs and cause food/product shortages — and it also depends on its supplier network (and their suppliers) to safely handle, store and transport ingredients, where any failure could contaminate food.

“We have multiple short-term supply contracts with a limited number of suppliers. If any of these suppliers do not perform adequately or otherwise fail to distribute products or supplies to our stores, we may be unable to replace the suppliers in a short period of time on acceptable terms or at all, which could increase our costs, cause shortages of f”