We are seeing all sorts of stocks rally sharply off their lows. The S&P 500 is only a couple of percentage points off all-time highs heading into Thursday afternoon, something Fed Chair Powell's speech could catapult even higher. It can make you feel like any stock you pick is going to rocket higher. Beware, because the stocks which perform over the long run are typically the ones with the strongest earnings trends, not the weakest. Stocks which have unfavorable Zacks Ranks have seen analysts cut expectatio ...

Bowlero Corp. (BOWL) , an American bowling center operator, has gained 13.5% in the past three months, notably outperforming the Zacks Leisure and Recreation Services industry, Zacks Consumer Discretionary sector, and the S&P 500 Index. During the same time frame, the industry and the S&P 500 Index gained 4.4% and 8.6%, while the sector's declined 2%. Image Source: Zacks Investment Research Bowlero is benefiting from its traffic-driving initiatives, organic and inorganic expansion plans, and the relaunch of ...

The Summer Season Pass is designed to elevate the bowling experience by allowing guests to enjoy two games of bowling every day throughout the summer. For those seeking even more perks, the Premium Pass offers a 15% discount on food and non-alcoholic beverages, a $5 arcade card reload with each visit and usage at all participating locations nationwide. The extended hours at Bowlero venues in the summer ensure ample opportunities for avid bowlers and new customers to take advantage of this offer. Image Sourc ...

Dozens of former employees who claim they were fired from Bowlero based on their age or out of retaliation plan to sue the bowling chain after the U.S. Equal Employment Opportunity Commission closed its case against the company, the attorney representing the claimants said Monday.Bowlero, the world's largest owner and operator of bowling centers, had been embroiled in an EEOC investigation since 2016 involving more than 70 former employees who claim they were unlawfully fired, the company previously disclos ...

Company Participants Steven Wieczynski - Stifel Matthew Boss - JPMorgan Jason Tilchen - Canaccord Genuity Jeremy Hamblin - Craig-Hallum Capital Group Ian Zaffino - Oppenheimer Eric Handler - Roth MKM Eric Wold - B. Riley Securities Daniel Moore - CJS Securities Randy Konik - Jefferies Michael Kupinski - Noble Capital Markets I would now like to turn the call over to Bobby Lavan, Bowlero's Chief Financial Officer. Please go ahead. This morning we issued a press release announcing our financial results for th ...

The company got off to a slow start in January and it will impact the fiscal year.Shares of bowling entertainment company Bowlero (BOWL -15.77%) crashed on Friday after the company reported financial results for its fiscal third quarter of 2024. As of 10:20 a.m. ET, Bowlero stock was down 18%.A slow start led to a weak quarterIn Q3, Bowlero's revenue was only up 7% year over year to $338 million. The company benefited from new units contributing to the top line. By contrast, existing locations underperforme ...

LUCKY STRIKE Forward-looking statements MAY 2024 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 identified by the use of forward-looking terminolo ...

UNITED STATES ___________________________________ ___________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40142 BOWLERO CORP. (Exact name of registrant as specified in its charter) ___________________________________ Delaware 98-1632024 (State or other jurisdiction of incorp ...

Balance Sheet and Liquidity | --- | --- | --- | --- | --- | |-------------------------------------------------------------------|-----------|------------------------|-------|----------------------------| | (in thousands) \nCash and cash equivalents | March \n$ | 31, 2024 \n212,429 | $ | July 2, 2023 \n195,633 | | Revolver Capacity | | 235,000 | | 235,000 | | Revolver capacity committed to letters of credit | | (15,834) | | (10,386) | | Total cash on hand and revolving borrowing capacity | $ | 431,595 | $ | ...

The market expects Bowlero Corp. (BOWL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...