Bowlero reports record FY2023 revenue of $1.059B, up 16.1% YoY; guides FY2024 rev $1.14-1.19B

Lucky Strike Entertainment Corp

Q4 revenue $239.4M (-10.6% YoY due to extra week and $29.7M out-of-period service revenue).
FY2023 net income $82.0M; Adjusted EBITDA $354.3M.
Remediated prior material weaknesses in financial controls.
Repurchased 6.4M shares in Q4 at avg $12.64; board increased buyback authorization to $200M.
FY2024 guidance: rev $1.14-1.19B, Adj. EBITDA $365-405M; plans $275M in capex for acquisitions, new builds, conversions.

item 2.02 item 9.01 item 7.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Lucky Strike Entertainment Corp reported financial results for the fourth quarter and fiscal year ended July 2, 2023.

Period: the fourth quarter and fiscal year ended July 2, 2023
Result: reported results

Exact text from the filing

On September 11, 2023, Bowlero Corp. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended July 2, 2023.

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Lucky Strike Entertainment Corp filing history →

Source: SEC EDGAR

accession 0001628280-23-031926

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