Bowlero Corp. Class A ( (LUCK) ) has released its Q2 earnings. Here is a breakdown of the information Bowlero Corp. Class A presented to its investors.
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Lucky Strike Entertainment is a leading location-based entertainment company operating over 360 venues across North America, offering experiences in bowling, amusements, water parks, and family entertainment centers. The company, which also owns the Professional Bowlers Association, recently released its financial results for the second quarter of fiscal year 2025.
In its latest earnings report, Lucky Strike Entertainment reported a slight decline in revenue by 1.8% to $300.1 million compared to the same period last year. Despite the revenue dip, the company turned a profit with a net income of $28.3 million, a significant improvement from the previous year’s loss of $63.5 million. The company also highlighted the opening of four new centers and the acquisition of additional entertainment facilities, expanding its portfolio to 364 locations.
Key financial metrics show a decrease in same-store revenue by 6.2%, while adjusted EBITDA also saw a slight decline to $98.8 million from $103.1 million last year. Nevertheless, the company has been actively expanding, with notable new openings in Denver and California generating substantial revenue in their initial month. The rebranding of several centers to the Lucky Strike name is underway, enhancing the brand’s market presence.
Looking forward, Lucky Strike Entertainment maintains a positive outlook, reiterating its guidance for fiscal year 2025. The company anticipates revenue growth in the mid-single digits to over 10% year-over-year, with an adjusted EBITDA margin expected to remain robust at 32% to 34%. This forward-looking stance reflects management’s confidence in navigating macroeconomic challenges while capitalizing on growth opportunities in the entertainment sector.
