(CNN) — Dave & Buster’s new CEO is not holding back.

Tarun Lal, who took the reins in July, said on his first earnings call with Wall Street analysts Monday night that his company is in more trouble than previously believed. Profit growth continued to shrink, sales have flatlined, and the stock is sinking sharply: down 17% Tuesday.

With just a couple months under his belt, Lal has the advantage of using a tried and true new-CEO strategy: blame the last guy. In a presentation to analysts, Lal detailed a laundry list of prior Dave & Buster’s ( PLAY ) strategies that were broken.

The company was pushing too many appetizers on customers, which encouraged sharing and hurt sales.

Dave & Buster’s has virtually stopped purchasing new games. Customers weren’t as excited to come back, and sal

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