Lucky Strike Entertainment Reports Second Quarter Results for Fiscal Year 2026

Core Insights - Lucky Strike Entertainment reported positive same-center sales growth in Q2 of fiscal year 2026, indicating a turning point for the business driven by strong walk-in retail and league play, increased marketing investment, and recovery in the Events business [3][4]. Financial Performance - Total revenue increased by 2.3% to $306.9 million compared to $300.1 million in the previous year [8]. - Same store revenue rose by 0.3% year-over-year [8]. - The company reported a net loss of $12.7 million, a decline from a net income of $28.3 million in the prior year [8]. - Adjusted EBITDA was $77.5 million, down from $98.8 million in the previous year [8]. Fiscal Year 2026 Guidance - The company reaffirmed its fiscal year 2026 guidance, projecting total revenue growth of 5% to 9%, with total revenue expected to be between $1,260 million and $1,310 million [5]. - Adjusted EBITDA is anticipated to be between $375 million and $415 million [5]. Dividend Declaration - On February 3, the Board of Directors declared a quarterly cash dividend of $0.06 per common share for Q3 of fiscal year 2026, payable on March 6, 2026 [6]. Operational Developments - The company has made significant progress in its rebranding initiative, with 98 current Lucky Strike locations [8]. - As of February 4, 2026, the total number of locations in operation is 369, reflecting the closure of an unprofitable location [8].