Bowlero (BOWL) - 2026 Q1 - Quarterly Results

Financial Performance - Total revenue increased by 12.3% to $292.3 million from $260.2 million in the previous year[7] - Adjusted EBITDA rose to $72.7 million compared to $62.9 million in the prior year[7] - The company reported a net loss of $13.8 million, a decline from a net income of $23.1 million in the previous year[7] - For the three months ended September 28, 2025, total revenue reported was $292,278, representing a year-over-year increase of 12.3%[24] - Same store revenue for the same period was $255,435, showing a slight decline of 0.4% year-over-year[24] - The company reported a net loss of $13,798 for the three months ended September 28, 2025, compared to a net income of $23,095 in the same period of 2024[25] - Adjusted EBITDA for the three months ended September 28, 2025, was $72,654, with an adjusted EBITDA margin of 24.9%[25] - Revenue excluding service fee revenue for the three months ended September 28, 2025, was $291,692, reflecting a year-over-year increase of 12.4%[24] - The company experienced a depreciation and amortization expense of $33,500 for the three months ended September 28, 2025[25] Future Guidance - Fiscal year 2026 total revenue guidance is set between $1,260 million and $1,310 million, reflecting a growth of 5% to 9%[5] Dividend and Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.06 per common share, representing a 9% increase over the previous dividend[5] Acquisitions and Expansion - The company acquired three family entertainment centers and one water park, bringing total locations to 369[7] - The company continues to progress on the Lucky Strike rebrand initiative with 74 current locations[7] Financial Flexibility - A new $1.2 billion term loan was secured, maturing in September 2032, which extended financial flexibility[8] - Cash and cash equivalents at the end of the period were $31,032, down from $59,686 at the beginning of the period[23] - Net debt increased to $1,681,376 as of September 28, 2025, compared to $1,262,104 as of June 29, 2025[23] - The company had a total cash on hand and revolving borrowing capacity of $431,910 as of September 28, 2025, compared to $342,264 as of June 29, 2025[23] Costs and Expenses - The company incurred $9,997 in transactional and other advisory costs during the three months ended September 28, 2025[25] - Same Store Revenue decreased by 0.4% compared to the prior year[7]