EarningsLUCK posted a solid start to its FY, beating consensus expectations with F'1Q revenue up 14%, same-store comp up 0.4%, and an adj. EBITDA up 21%.
Growth InitiativesBowlero has invested significantly in growth initiatives, resulting in substantial increases in center-level EBITDA, indicating a strong potential for sustained shareholder returns.
Market StrategyThe analyst recommends a Buy rating due to early positive results from initiatives to boost F&B revenues and a robust acquisition pipeline.