Bowlero Corp. Class A ( (LUCK) ) has released its Q1 earnings. Here is a breakdown of the information Bowlero Corp. Class A presented to its investors.
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Lucky Strike Entertainment, a leading operator in the location-based entertainment industry, offers a diverse range of experiences including bowling, amusements, and water parks across North America. In its first quarter of fiscal year 2026, Lucky Strike reported a 12.3% increase in total revenue to $292.3 million, despite a slight decrease in same-store revenue by 0.4%. The company faced a net loss of $13.8 million, contrasting with a net income of $23.1 million in the previous year, while adjusted EBITDA rose to $72.7 million from $62.9 million.
Key financial highlights include the acquisition of three family entertainment centers and one water park, bringing the total number of locations to 369. The company also made significant strides in its rebranding initiative, with 74 locations now under the Lucky Strike brand. Furthermore, a major refinancing effort extended debt maturity and reduced interest rates, enhancing financial flexibility.
The company’s strategic initiatives are aimed at strengthening its market position, with investments in high-ROI projects and recent acquisitions expected to enhance long-term growth. The board also announced a 9% increase in the quarterly cash dividend, reflecting confidence in future cash flow generation.
Looking ahead, Lucky Strike remains focused on driving profitable growth through revenue expansion and operational efficiencies. The management’s reaffirmed guidance for fiscal year 2026 projects total revenue growth between 5% to 9%, with adjusted EBITDA expected to range from $375 million to $415 million.