---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-030137"
form_type: "8-K"
ticker: "LUCK"
cik: "0001840572"
company_name: "Lucky Strike Entertainment Corp"
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:42:56.513139+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bowlero Q1 FY2023 revenue $230.3M (+27.2% YoY); Adj. EBITDA $65.3M (+11% YoY)

## Summary
- Net loss $33.5M due to $40.8M non-cash earnout revaluation; adjusted net income $7.2M.
- Same-store revenue up 19.9% YoY; event revenue grew 90% vs prior year.
- Adjusted EBITDA margin 28.4%, up 1,158 bps vs pre-pandemic quarter.
- Repurchased 468,103 shares at avg $11.67; total shares outstanding 162.7M as of Oct 2, 2022.
- Added 3 centers in quarter; acquired 6 more post-quarter; total centers now 325.

## SEC filing metadata
- accession: 0001628280-22-030137
- form_type: 8-K
- ticker: LUCK
- cik: 0001840572
- company_name: Lucky Strike Entertainment Corp
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840572/000162828022030137/0001628280-22-030137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840572/000162828022030137/bowl-20221116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-030137
- JSON: https://secwatch.observer/filing/0001628280-22-030137.json
- Plain text: https://secwatch.observer/filing/0001628280-22-030137.txt

## Key facts
- Earnings Releases
  Lucky Strike Entertainment Corp reported first quarter of fiscal year 2023, which ended on October 2, 2022 results: revenue $230.3 million, net income $33.5 million.
  - Period: first quarter of fiscal year 2023, which ended on October 2, 2022
  - Revenue: $230.3 million
  - Net income: $33.5 million
  - Result: preliminary results
  source text: Bowlero Corp. announces strong results for the First Quarter of Fiscal Year 2023 Continued momentum in revenue and normalizing margins and seasonality driving performance: • Revenue in the first quarter was $230.3 million, growing $49.3 million, or 27.2%, year-over-year, and $81.7 million, or 55.0%, relative to pre-pandemic performance. 1 • Same-store revenue increased $34.6 million, or 19.9%, year-over-year, and grew $53.9 million, or 37.6%, vs. the comparable pre-pandemic period. 1 • Net loss for the quarter was $33.5 million, driven by the non-cash expense related to the revaluation of the earnouts from the successful de-SPAC transaction ( $40.8 million) . Adjusted for the non-cash expense, normalized Net Income was $7.2 million . 2 • Adjusted EBITDA 2 in the first quarter was $65.3 million, $6.5 million, or 11.0%, higher vs. the prior year's quarter, and $40.4 million, or 162.0%, higher relative to pre-pandemic performance. 1 • Adjusted EBITDA 2 margin was 1,158 basis points higher
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840572/000162828022030137/0001628280-22-030137-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.