earnings
confidence high
sentiment neutral
materiality 0.70
Bowlero reports mixed Q3: revenue up 7%, net income positive, guidance lowered to low end
Lucky Strike Entertainment Corp
2024-Q3 EPS reported
-$0.18
revenue$870,746,000
- Revenue $337.7M (+7% YoY); net income $23.8M vs prior year loss of $32.1M.
- Same-store revenue declined 2.1% YoY; adjusted EBITDA $122.8M vs $127.6M prior year.
- Acquired Raging Waves water park in Illinois; EEOC closed investigation with no litigation against company.
- Declared quarterly dividend $0.055/share payable June 7; repurchased 1.1M shares ($13M) during Q3-to-date.
- FY2024 revenue and adjusted EBITDA guidance expected near low end of prior range.