Bowlero Corp. (BOWL) has opened two new Lucky Strike locations in Colorado — Lucky Strike Southlands in Aurora and Lucky Strike Northfield in Denver. These new locations mark the third and fourth new builds under the Lucky Strike brand since its acquisition last September.These openings are part of the company's expansion strategy under the Lucky Strike brand, demonstrating its commitment to growth and innovation in the entertainment space. Lucky Strike Southlands offers 38,000 square feet of space with 36 ...

Bowlero Corp. (BOWL) closed the last trading session at $11.75, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.35 indicates a 47.7% upside potential.The average comprises 10 short-term price targets ranging from a low of $12 to a high of $29, with a standard deviation of $4.50. While the lowest estimate indicates an increase of 2.1% from the current price level, t ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $260 million, up from $226 million in the previous year, representing a year-over-year growth of 15% [14] - Adjusted EBITDA increased to $62.9 million, a 21% rise from $52.1 million year-over-year, with an EBITDA margin of 24.2%, expanding by 130 basis points [14] - Same-store sales growth was positive at 0.4%, while total location revenue grew by 17.5% year-over-year [14] Business Line Data and Key Metrics Changes - Food and beverage sales rose by 18% year-over-year, with a key performance indicator (KPI) of retail F&B to bowling reaching $0.80 across the portfolio [11] - In the top 50 Bowlero locations, the F&B per bowl metric reached $1.10, up $0.18 from the previous year [11][46] - The company has implemented mobile ordering across all properties to enhance labor efficiencies and customer satisfaction [11][42] Market Data and Key Metrics Changes - The company has seen a significant increase in event bookings, with December pacing up 10% year-over-year for corporate and adult events [70] - The acquisition of Boomers and Raging Waves is expected to contribute to revenue but will initially have a negative EBITDA impact until peak season [15][50] Company Strategy and Development Direction - The company is focusing on M&A opportunities, having recently acquired Raging Waves for $49 million and Boomers for $9 million, with plans to optimize and expand these assets [7][8] - A robust new build pipeline is in place, with two new Lucky Strike locations opened in Denver and plans for additional locations in Beverly Hills and Orange County [9] - The company aims to balance internal optimization with high-return capital deployment [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business, increasing the bottom end of the FY 2025 revenue guidance by $10 million [15] - The macro environment is viewed as providing increasing opportunities for capital deployment beyond bowling [7] - Management noted that the third quarter is expected to show the greatest margin expansion due to seasonal factors [18][24] Other Important Information - The company has hired a Chief Procurement Officer to drive efficiencies and manage inflation, which has been a significant cost factor [29] - The company is becoming more data-driven, expanding the use of Power BI for daily sales tracking across various levels of management [29] Q&A Session Summary Question: Can you elaborate on the cadence of same-center comps in the first quarter and trends in October? - Management noted that hurricanes impacted September results, costing about $2 million, but October event tracking is positive at plus 10% for P6 [17] Question: What are the drivers of first-quarter EBITDA margin expansion? - Management indicated that the greatest margin expansion is expected in the third quarter due to the shift of New Year's from Q2 to Q3, which is significant for revenue [18][24] Question: How is the acquisition environment and focus on potential assets? - Management stated that they are spending time on both core bowling assets and other entertainment assets, with a division of labor among executives [25] Question: Can you unpack the utilization of data and the role of the Chief Procurement Officer? - Management emphasized becoming a data-driven organization and the Chief Procurement Officer's role in managing inflation and driving efficiencies [29] Question: What is the outlook for event bookings and average event revenue? - December is pacing up 10% year-over-year for events, indicating strong demand [70] Question: How are new build openings performing? - All new centers are profitable, with recent openings outperforming expectations [66]

Bowlero Corp. (BOWL) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.17 per share. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 176.47%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.06, delivering a surprise of -500%.Over the last four quarters, the company ...

Bowlero LUCKY & STRIKE 10925 INVESTOR PRESENTATION NOVEMBER 2024 》 Forward-looking statements Some of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risk, assumptions and uncertainties, such as statements of our plans, objectives, expectations, intentions and forecasts. These forward-looking statements are generally ident ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40142 ___________________________________ BOWLERO CORP. (Exact name of registrant as specified in ...

Bowlero Reports First Quarter Results for Fiscal Year 2025 RICHMOND, VA. November 4, 2024 – Bowlero Corp. (NYSE: BOWL) ("Bowlero" or the "Company"), one of the world's premier operators of location-based entertainment, today provided financial results for the first quarter of the 2025 Fiscal Year, which ended on September 29, 2024. Quarter Highlights: • Revenue increased 14.4% to $260.2 million from $227.4 million in the previous year • Total Location Revenue increased 17.5% versus the prior year • Same Sto ...

Bowlero Corp. (BOWL) is benefiting from robust same-store sales, acquisitions and expansion efforts. Strong performance in its amusements and food and beverage segments bodes well for BOWL. However, stiff competition and high costs remain a concern for the company. Growth Drivers of BOWL Strong customer demand is aiding the company's same-store sales. In fourth-quarter fiscal 2024, the company reported a 6.9% increase in same-store sales. The company is making significant strides in its expansion efforts wi ...

Miami Lakes, FL, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The AutoNation Orange Bowl Basketball Classic is set to make a triumphant return to Amerant Bank Arena on Saturday, December 14th. The 30th annual Classic will feature a thrilling doubleheader, with the UCF Knights facing off against the Tulsa Golden Hurricane in the opening game, followed by a highly anticipated matchup between the Florida State Seminoles and the Tulane Green Wave. Tip-off for game one is scheduled for 2:00 p.m. ET. The AutoNation Orange B ...

Can you put a price on happiness? Apparently so, not only can you put a price on it, but also a valuation, market cap, price-earnings ratio and a number of other financial metrics. Experiential activities are fun, memorable and not often duplicated at home. They are immersive 4-D experiences with an alternate backdrop that can transport you away from reality for a moment. Here are 3 experiential stocks in the consumer discretionary sector that have taken a beating but could bounce back as the economy recove ...