Bowlero (US:BOWL)2026-02-04 21:17Financial Performance - Total revenue increased by 2.3% to $306.9 million from $300.1 million in the previous year[6] - Same store revenue increased by 0.3% compared to the prior year[6] - Adjusted EBITDA was $77.5 million, down from $98.8 million in the prior year[6] - The company reported a net loss of $12.7 million, compared to a net income of $28.3 million in the previous year[6] - Total reported revenue for the three months ended December 28, 2025, was $306,861, up from $300,074 in the same period of 2024, reflecting a growth of 2.3%[21] - Adjusted EBITDA for the three months ended December 28, 2025, was $77,470, down from $98,757 in the same period of 2024, resulting in a decrease of 21.5%[22] - The company reported a net loss of $12,656 for the three months ended December 28, 2025, compared to a net income of $28,307 in the same period of 2024, resulting in a margin shift from 9.4% to -4.1%[22] Guidance and Projections - Fiscal year 2026 total revenue guidance is set between $1,260 million and $1,310 million, reflecting a growth of 5% to 9%[5] - Adjusted EBITDA guidance for fiscal year 2026 is projected between $375 million and $415 million[5] Cash Flow and Capital Management - Net cash provided by operating activities for the three months ended December 28, 2025, was $48,064, compared to $38,734 for the same period in 2024, representing a year-over-year increase of 24.0%[19] - Cash and cash equivalents at the end of the period on December 28, 2025, were $95,912, compared to $80,755 at the end of the same period in 2024, indicating a year-over-year increase of 18.5%[19] - The total cash on hand and revolving borrowing capacity as of December 28, 2025, was $411,790, an increase from $342,264 as of June 29, 2025[20] - The company had a revolver capacity of $425,000 as of December 28, 2025, up from $335,000 as of June 29, 2025[20] - The company has made disciplined capital allocations, reducing maintenance and growth capital expenditures over the past 18 months, strengthening free cash flow[3] Operational Highlights - As of February 4, 2026, the company operates a total of 369 locations, following the acquisition of one water park[6] - The company expects significant margin expansion in the summer as non-bowling entertainment assets enter their peak seasons[3] Dividend Information - The company declared a quarterly cash dividend of $0.06 per common share for the third quarter of fiscal year 2026[5] Debt and Interest Expense - The company's net debt as of December 28, 2025, was $1,701,226, an increase from $1,262,104 as of June 29, 2025[20] - The company’s interest expense for the three months ended December 28, 2025, was $51,334, compared to $48,795 in the same period of 2024, reflecting an increase of 3.5%[22]