earnings
confidence high
sentiment neutral
materiality 0.75
Bowlero Q2 FY2024 revenue up 11.8% to $305.7M; initiates $0.055 quarterly dividend
Lucky Strike Entertainment Corp
2024-Q2 EPS reported
-$0.32
revenue$533,076,000
- Net loss of $63.5M vs prior-year profit $1.4M, reflecting $64.1M non-cash earnout expense.
- Adjusted EBITDA $103.1M (+6.3% YoY); same-store revenue +0.2%.
- Initiated quarterly dividend of $0.055/share, payable Mar 8 to holders of record Feb 23.
- Share repurchase authorization increased to $200M with no expiration; repurchased 19.6M shares in H1.
- Reiterated FY2024 guidance: rev ex-service fee $1.14-1.19B; adj. EBITDA $365-405M.