UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40142 ___________________________________ LUCKY STRIKE ENTERTAINMENT CORPORATION (Exact name of re ...

Revenue Performance - Revenue decreased 1.8% to $300.1 million from $305.7 million in the previous year[4] - Same Store Revenue decreased 6.2% versus the prior year[4] - Total revenues for the three months ended December 29, 2024, were $300.074 million, a decrease of 1.8% compared to $305.671 million for the same period in 2023[20] - Same store revenue decreased by 6.2% year-over-year, from $299.065 million in December 31, 2023, to $280.530 million in December 29, 2024[24] Net Income and EBITDA - Net income of $28.3 million compared to a loss of $63.5 million in the prior year[4] - Net income for the three months ended December 29, 2024, was $28.307 million, compared to a net loss of $63.469 million for the same period in 2023[20] - Adjusted EBITDA of $98.8 million versus $103.1 million in the prior year[4] - Adjusted EBITDA for the three months ended December 29, 2024, was $98.757 million, with an adjusted EBITDA margin of 32.9%, compared to $103.126 million and 33.7% in the same period of 2023[25] Future Guidance - Fiscal Year 2025 guidance expects total Revenue to increase mid-single digits to over 10%, equating to $1.23 billion to $1.28 billion[7] - Adjusted EBITDA margin is expected to be between 32% to 34%, translating to $390 million to $430 million[7] Shareholder Returns - The company repurchased 5.1 million shares for approximately $56 million, with $101 million remaining under the share repurchase program[5] - A quarterly cash dividend of $0.055 per share was declared for the second quarter of fiscal year 2025[6] Cash and Debt Position - Cash and cash equivalents at the end of the period on December 29, 2024, were $80.755 million, an increase from $66.972 million at June 30, 2024[23] - Net cash provided by operating activities for the six months ended December 29, 2024, was $68.147 million, compared to $71.199 million for the same period in 2023[22] - The company reported a net debt of $1.218 billion as of December 29, 2024, compared to $1.085 billion as of June 30, 2024[23] - Interest expense for the three months ended December 29, 2024, was $48.795 million, compared to $46.236 million for the same period in 2023[20] - The company had a total cash on hand and revolving borrowing capacity of $397.171 million as of December 29, 2024[23] Expansion and Acquisitions - Four new Lucky Strike centers opened, generating over $1 million in revenue each within their first 30 days[3] - The company acquired Boomer's, adding six family entertainment centers and one water park to its portfolio[3]

CHICAGO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Numerator, a data and tech company serving the market research space, has released findings on consumer behavior related to Super Bowl LIX. The analysis leverages Numerator’s verified purchase data, a sentiment survey of 1,000 consumers, and psychographics data to provide insights on celebration, shopping, and viewing plans of Super Bowl LIX, as well as behavioral nuances among NFL, Kansas City Chiefs, and Philadelphia Eagles fans. Sports fandom is one of more than ...

Accessibility StatementSkip Navigation Two heritage brands, Crown Royal and Starter have seamlessly merged to celebrate the unique spirit of New Orleans through the limited-edition Crown Royal x Starter NFL Super Bowl LIX Satin Jacket - exclusively available in New Orleans over Super Bowl LIX weekend. The jacket features key details that mark this moment in time: The collectible piece boasts a satin black body, adorned with the iconic Crown Royal logo and NFL shield on the front chest. In classic Starter f ...

Following my coverage on Bowlero Corp. (NYSE: BOWL ) in Sept'24, for which I recommended a buy rating due to my expectation that growth will remain robust given the positive traction BOWL is seeing regarding its growthI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be d ...

Bowlero Corp. (BOWL) has opened two new Lucky Strike locations in Colorado — Lucky Strike Southlands in Aurora and Lucky Strike Northfield in Denver. These new locations mark the third and fourth new builds under the Lucky Strike brand since its acquisition last September.These openings are part of the company's expansion strategy under the Lucky Strike brand, demonstrating its commitment to growth and innovation in the entertainment space. Lucky Strike Southlands offers 38,000 square feet of space with 36 ...

Bowlero Corp. (BOWL) closed the last trading session at $11.75, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.35 indicates a 47.7% upside potential.The average comprises 10 short-term price targets ranging from a low of $12 to a high of $29, with a standard deviation of $4.50. While the lowest estimate indicates an increase of 2.1% from the current price level, t ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $260 million, up from $226 million in the previous year, representing a year-over-year growth of 15% [14] - Adjusted EBITDA increased to $62.9 million, a 21% rise from $52.1 million year-over-year, with an EBITDA margin of 24.2%, expanding by 130 basis points [14] - Same-store sales growth was positive at 0.4%, while total location revenue grew by 17.5% year-over-year [14] Business Line Data and Key Metrics Changes - Food and beverage sales rose by 18% year-over-year, with a key performance indicator (KPI) of retail F&B to bowling reaching $0.80 across the portfolio [11] - In the top 50 Bowlero locations, the F&B per bowl metric reached $1.10, up $0.18 from the previous year [11][46] - The company has implemented mobile ordering across all properties to enhance labor efficiencies and customer satisfaction [11][42] Market Data and Key Metrics Changes - The company has seen a significant increase in event bookings, with December pacing up 10% year-over-year for corporate and adult events [70] - The acquisition of Boomers and Raging Waves is expected to contribute to revenue but will initially have a negative EBITDA impact until peak season [15][50] Company Strategy and Development Direction - The company is focusing on M&A opportunities, having recently acquired Raging Waves for $49 million and Boomers for $9 million, with plans to optimize and expand these assets [7][8] - A robust new build pipeline is in place, with two new Lucky Strike locations opened in Denver and plans for additional locations in Beverly Hills and Orange County [9] - The company aims to balance internal optimization with high-return capital deployment [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business, increasing the bottom end of the FY 2025 revenue guidance by $10 million [15] - The macro environment is viewed as providing increasing opportunities for capital deployment beyond bowling [7] - Management noted that the third quarter is expected to show the greatest margin expansion due to seasonal factors [18][24] Other Important Information - The company has hired a Chief Procurement Officer to drive efficiencies and manage inflation, which has been a significant cost factor [29] - The company is becoming more data-driven, expanding the use of Power BI for daily sales tracking across various levels of management [29] Q&A Session Summary Question: Can you elaborate on the cadence of same-center comps in the first quarter and trends in October? - Management noted that hurricanes impacted September results, costing about $2 million, but October event tracking is positive at plus 10% for P6 [17] Question: What are the drivers of first-quarter EBITDA margin expansion? - Management indicated that the greatest margin expansion is expected in the third quarter due to the shift of New Year's from Q2 to Q3, which is significant for revenue [18][24] Question: How is the acquisition environment and focus on potential assets? - Management stated that they are spending time on both core bowling assets and other entertainment assets, with a division of labor among executives [25] Question: Can you unpack the utilization of data and the role of the Chief Procurement Officer? - Management emphasized becoming a data-driven organization and the Chief Procurement Officer's role in managing inflation and driving efficiencies [29] Question: What is the outlook for event bookings and average event revenue? - December is pacing up 10% year-over-year for events, indicating strong demand [70] Question: How are new build openings performing? - All new centers are profitable, with recent openings outperforming expectations [66]

Bowlero Corp. (BOWL) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.17 per share. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 176.47%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.06, delivering a surprise of -500%.Over the last four quarters, the company ...

Bowlero LUCKY & STRIKE 10925 INVESTOR PRESENTATION NOVEMBER 2024 》 Forward-looking statements Some of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risk, assumptions and uncertainties, such as statements of our plans, objectives, expectations, intentions and forecasts. These forward-looking statements are generally ident ...