Modest Same-Store Sales and Revenue Growth
Same-store sales comp finished December at +0.3% and total revenue grew +2.3% for the quarter, driven by strength in retail and leagues.
Events Business Showing Early Turnaround
Events, previously a multi-quarter drag, finished nearly flat for the quarter and showed organic growth in January and February with early January delivering strong double-digit results prior to a major snowstorm.
Retail and Digital Performance Gains
Retail comp was 1.7% for the quarter; retail food grew 10.9%, retail nonalcoholic sales grew +26.2 (~$2M). Online revenue increased +28% year-over-year and booking conversions improved twofold.
Major Marketing and Brand Momentum
Media impressions rose ~200% (from ~340M to >1B), search impressions increased ~520%, and CPMs decreased ~38%, improving marketing efficiency while increasing share of voice.
Store Rebrands and Brand Consolidation
Opened Lucky Strike Aliso Viejo and now operate ~100 Lucky Strike locations; management expects to reach ~200–218 Lucky Strike locations by end of calendar 2026, simplifying to two brands (Lucky Strike and AMF) to drive marketing efficiencies.
Water Parks and Boomers Driving Seasonal EBITDA Upside
Closed acquisition of Raging Waters (largest water park in California); combined with Wet 'n Wild Emerald Point and three acquired family entertainment centers, management expects meaningful EBITDA contributions in June and September quarters. Legacy Boomers and Destin saw strong recent results (legacy Boomers revenue +25% over last two weeks; Destin water park up +20% YoY).
Operational Enhancements Boosting Spend Per Guest
Server tablets rolled out to 125 locations (160 by March) increased average check size by ~7% and increased gratuities; NPS comp has improved for 14 straight months, peaking at 78.7% in October.
Acquisition Activity and Portfolio Diversification
Approximately $95M of acquisitions year-to-date; acquisitions and targeted capital projects expected to diversify revenue streams and provide seasonal leverage for summer quarters.