Bowlero Corp. (BOWL) reported second-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. The top line increased year over year, but the bottom line declined from the prior-year quarter's figure.During the fiscal second quarter, the company reported benefits from the Lucky Strike acquisition and robust event business performance. It reported positive same-store revenue backed by adjustments in promotions and pricing dynamics. During the quarter, acqu ...

Bowlero Corp. (NYSE:BOWL) Q2 2024 Earnings Conference Call February 5, 2024 10:00 AM ET Company Participants Bobby Lavan - Chief Financial Officer Thomas Shannon - Founder and Chief Executive Lev Ekster - President Conference Call Participants Steven Wieczynski - Stifel Randy Konik - Jefferies Jason Tilchen - Canaccord Genuity Matthew Boss - JPMorgan Eric Handler - ROTH MKM Eric Wold - B. Riley Securities Jeremy Hamblin - Craig-Hallum Capital Group Michael Kupinski - NOBLE Capital Markets Operator Good morn ...

Shares of bowling company Bowlero (BOWL 17.63%) popped on Monday, even though the market was down. The company reported strong financial results for its fiscal second quarter of 2024 and announced some shareholder-friendly moves. And that's why Bowlero stock was up almost 14% as of 11:45 a.m. ET.Bowlero is looking to give back to shareholdersBowlero's Q2 ended on Dec. 31. The company owns 350 bowling centers and also owns the Professional Bowlers Association.In Q2, Bowlero generated revenue of $306 million, ...

Bowlero Corp. (BOWL) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.12. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -108.33%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.10, delivering a surprise of -150%.Over the last four quarters, the company has not been able t ...

Shares of Bowlero Corp. were on a roll Monday after the bowling-center operator and owner of the Professional Bowlers Association said it would start paying a dividend to shareholders and reported fiscal second-quarter revenue that rose above expectations.The company said it will pay out a cash dividend of 5.5 cents a share on March 8 to shareholders of record on Feb. 23.Based on the stock’s BOWL, +8.21% Friday closing price of $11.60, the annual dividend rate of 22 cents a share implies a dividend yield of ...

RICHMOND, Va.--(BUSINESS WIRE)--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 second quarter of the 2024 Fiscal Year, which ended on December 31, 2023. Quarter Highlights: Revenue increased 11.8% to $305.7 million versus the prior year and increased 65.4% versus 2QFY20 (quarter ended December 29, 2019) Revenue excluding Service Fee Revenue increased 13.4% to $304.0 million versus th ...

Intangible Assets: (5) Property and Equipment Three Months Ended Six Months Ended December 31, December 31, 2023 January 1, 2023 2023 January 1, 2023 Depreciation expense $ 29,453 $ 21,925 $ 53,631 $ 42,264 (6) Leases On October 19, 2023, the Company completed a transaction with VICI Properties Inc. ("VICI") relating to the transfer of the land and real estate assets of 38 bowling entertainment centers for an aggregate value of $432,900. The transaction was structured as a tax-deferred capital contribution ...

You want potential short-squeeze stocks that could have the bears running for cover? Great, we got ‘em right here! But first, we need to know the rules of the game. Let’s start with the definitions:Short interest: Number of shares borrowed from brokers to initiate the short trading activity.Short interest percentage of float: The percentage of the publicly available share count being “earmarked” as a short position.Short interest ratio (i.e. days to cover): The number of trading sessions necessary for bears ...

Bowlero Corporation (BOWL) , a global leader in bowling entertainment, continues its impressive growth trajectory with the acquisition of Ten Pin in Hilliard, OH. This buyout marks its 20th center addition in fiscal 2024. This strategic move follows the successful acquisitions of Niles Bowling center in Niles, IL, and BAM! Entertainment Center in Holland, MI, during the second quarter.The company, known for its iconic Lucky Strike brand, recently unveiled Lucky Strike Moorpark in Moorpark, CA. This 43,000 s ...

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corporation (NYSE: BOWL), the global leader in bowling entertainment, announced today the naming of Lev Ekster, 40, as President of Bowlero Corp. Mr. Ekster has led the expansion of the Professional Bowlers Association (“PBA”) along with the Amusements and Leagues departments and most recently, Information Technology. He will report to Thomas Shannon, Founder, Chairman and CEO of Bowlero, and be responsible for daily management of Center Operations. “Over the past ...