Bowlero Q1 FY2024 revenue down 1.2% to $227.4M; net income $18.2M vs prior loss

Lucky Strike Entertainment Corp

2024-Q1 EPS reported $0.09 revenue$227,405,000

Revenue $227.4M (-1.2% YoY); net income $18.2M vs loss of $33.5M prior year.
Adjusted EBITDA $52.1M vs $65.3M prior; same-store revenue declined 5.5%.
Reiterated FY2024 guidance: revenue $1.14-1.19B (excl service fee), Adj EBITDA $365-405M.
Added 18 bowling centers in Q1; acquired Lucky Strike (14 centers) and entered $432.9M sale-leaseback with VICI.
Repurchased 12.1M shares during Q1; pro forma shares outstanding 151.3M.

item 2.02 item 9.01 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lucky Strike Entertainment Corp updated its the first quarter of fiscal year 2024, which ended on October 1, 2023 guidance (reaffirmed).

Period: the first quarter of fiscal year 2024, which ended on October 1, 2023
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Bowlero Corp. (the “Company”) issued a press release announcing its preliminary financial results for the first quarter of fiscal year 2024, which ended on October 1, 2023. A copy of the Company’s press release is being furnished herewith as Exhibit 99.1.

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Source: SEC EDGAR

accession 0001628280-23-037179

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