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Lucky Strike Entertainment
(NYSE:LUCK)
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Rating:52Neutral
Price Target:
$8.00
▼(-11.11% Downside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by weak financial quality—ongoing net losses and a highly leveraged, negative-equity balance sheet—despite solid top-line growth and positive (but modest/volatile) free cash flow. Technicals are moderately supportive with the stock above key moving averages, and the earnings call added some positives via reaffirmed guidance, cost/AI efficiency traction, and CapEx discipline, while valuation remains constrained by unprofitability despite a moderate dividend yield.
Positive Factors
Revenue growth & operating margins
Sustained double-digit TTM revenue growth with robust EBIT and EBITDA margins indicates the venue-based model scales profitably at the operating level. Durable center economics support reinvestment, franchise conversions and F&B unit economics, underpinning medium-term cash generation despite GAAP net losses.
Negative Factors
High leverage & negative equity
Very high debt relative to assets and a shift to negative equity materially constrain financial flexibility. This elevates refinancing, covenant and interest-rate risk, limits strategic optionality (M&A or buybacks), and makes the company vulnerable to downturns or higher borrowing costs over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & operating margins
Sustained double-digit TTM revenue growth with robust EBIT and EBITDA margins indicates the venue-based model scales profitably at the operating level. Durable center economics support reinvestment, franchise conversions and F&B unit economics, underpinning medium-term cash generation despite GAAP net losses.
Read all positive factors
Lucky Strike Entertainment Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down where Lucky Strike earns its money across different business lines (for example, food & beverage, entertainment/events, franchising/licensing). Highlights which segments drive growth and margins, exposes seasonality or concentration risk, and shows where management is investing or facing competitive pressure.
Breaks down where Lucky Strike earns its money across different business lines (for example, food & beverage, entertainment/events, franchising/licensing). Highlights which segments drive growth and margins, exposes seasonality or concentration risk, and shows where management is investing or facing competitive pressure.
Data provided by:
The Fly
The FlyLucky Strike Entertainment (LUCK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.20B
Dividend Yield2.51%
Average Volume (3M)249.23K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth4.94%
EPS Growth-960.10%
CountryUS
Employees11,374
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.65
Shares Outstanding78,102,750
10 Day Avg. Volume437,260
30 Day Avg. Volume249,232
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)-7.47
Price to Sales (P/S)1.07
P/FCF Ratio35.40
Enterprise Value/Market Cap3.55
Enterprise Value/Revenue3.44
Enterprise Value/Gross Profit11.60
Enterprise Value/Ebitda13.42
Forecast
1Y Price Target
$8.20Price Target Upside-8.89% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.11
Revenue Forecast (FY)$1.30B
Lucky Strike Entertainment Business Overview & Revenue Model
Company Description
Lucky Strike Entertainment Corporation delivers diverse in-person entertainment experiences throughout North America. The company operates a broad spectrum of venues, which include bowling alleys, amusement parks, water parks, and family entertain...
How the Company Makes Money
Lucky Strike Entertainment generates revenue primarily through (1) amusement and entertainment fees charged to guests for bowling and any other paid in-venue attractions/activities offered at its locations, (2) food and beverage sales from on-site...
Lucky Strike Entertainment Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 16, 2026
Earnings Call Sentiment Positive
The call highlighted meaningful operational progress (notably AI-driven efficiencies, labor reductions, brand conversions, CapEx discipline and a clear free cash flow per share target) and maintained positive guidance for revenue and adjusted EBITDA. These positives are tempered by significant near-term headwinds driven by extreme weather, regional gasoline shocks and geopolitical uncertainty that depressed March results (notably in West Coast markets) and temporarily softened corporate events and waterpark early contributions. Management emphasized that many negatives are transitory and that cost actions and AI initiatives should drive durable margin and cash flow improvement.Positive Updates
Positive Same-Store Sales Momentum
Second consecutive quarter of positive same-store sales comp at +0.2%, the first back-to-back positive comps since 2024; January comp was strong at +5.5% and company-wide ex-West Coast comp was +1.9% for the quarter.
Negative Updates
Severe Weather and Geopolitical Disruption Impact
Two major winter storms (Fern and Hernando) and a large-scale Middle East military action disrupted momentum: storms and other events cost approximately 250 basis points of comp in the quarter; March same-store sales fell -7% (February +1%, March -7%).
Read all updates
Q3-2026 Updates
Positive
Negative
Positive Same-Store Sales Momentum
Second consecutive quarter of positive same-store sales comp at +0.2%, the first back-to-back positive comps since 2024; January comp was strong at +5.5% and company-wide ex-West Coast comp was +1.9% for the quarter.
Read all positive updates
Company Guidance
For fiscal 2026 management updated guidance to total revenue growth of +4% to +5%, adjusted EBITDA of approximately $345–$350 million and gross capital expenditures of about $120 million (management also cited a $110–$120M range), noting CapEx is down roughly $30 million year‑over‑year and down ~20% YTD ($91M vs. $114M). They reiterated a free‑cash‑flow‑per‑share goal (trailing‑12‑month EBITDA less CapEx / shares) to reach at least $2.00 from $1.53 today (≈33% increase) over the next 12 months while keeping net debt flat and pursuing opportunistic buybacks, and expect materially better cash conversion exiting the year. Cost actions are already producing savings—more than $6M of annualized headcount reductions, ~97,000 center labor hours saved over the last 12 weeks (≈16% reduction from January peak), Orca AI delivering >$2M annualized from closeout‑time reductions and a further high‑teens to mid‑$20M annual savings opportunity from clock‑in optimization. They also noted brand conversion progress (~115 Lucky Strike conversions of a 225‑site target at ≈$150k each) and that the waterpark portfolio should contribute ≈$18M incremental EBITDA this summer (about 80% of that in the September quarter, i.e., fiscal 2027).Lucky Strike Entertainment Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
18
Very Negative
Cash Flow
47
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.24B | 1.20B | 1.15B | 1.06B | 911.71M | 395.23M |
| Gross Profit | 368.68M | 447.08M | 314.18M | 342.41M | 301.73M | 20.98M |
| EBITDA | 318.82M | 394.71M | 211.42M | 218.06M | 170.79M | 53.21M |
| Net Income | -84.32M | -10.02M | -83.58M | 82.05M | -29.93M | -126.46M |
Balance Sheet | ||||||
| Total Assets | 3.27B | 3.16B | 3.11B | 2.84B | 1.85B | 1.78B |
| Cash, Cash Equivalents and Short-Term Investments | 58.65M | 59.69M | 66.97M | 195.63M | 132.24M | 187.09M |
| Total Debt | 3.24B | 2.63B | 2.41B | 2.26B | 1.27B | 1.25B |
| Total Liabilities | 3.49B | 3.33B | 3.16B | 2.54B | 1.66B | 1.45B |
| Stockholders Equity | -228.35M | -171.35M | -49.85M | 299.55M | 192.32M | 330.12M |
Cash Flow | ||||||
| Free Cash Flow | 24.48M | 36.16M | -39.75M | 68.25M | 12.87M | 15.04M |
| Operating Cash Flow | 138.31M | 177.22M | 154.83M | 217.79M | 177.67M | 58.23M |
| Investing Cash Flow | -483.58M | -220.31M | -385.66M | -253.22M | -220.34M | -46.68M |
| Financing Cash Flow | 324.24M | 35.86M | 102.16M | 98.96M | -12.14M | 34.80M |
Lucky Strike Entertainment Technical Analysis
Negative
9.00
Price Trends
8.01
Negative
8.10
Negative
8.34
Negative
Market Momentum
-0.14
Positive
45.81
Neutral
36.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LUCK, the sentiment is Negative. The current price of 9 is above the 20-day moving average (MA) of 7.95, above the 50-day MA of 8.01, and above the 200-day MA of 8.34, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LUCK.
Lucky Strike Entertainment Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.91B | 37.74 | 14.09% | 0.79% | 9.47% | 18.45% | |
71 Outperform | $3.76B | 24.85 | 22.54% | ― | 3.16% | -4.60% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $2.49B | 101.23 | -6.18% | ― | -3.26% | ― | |
52 Neutral | $1.20B | -11.82 | 46.90% | 2.51% | 4.94% | -960.10% | |
44 Neutral | $301.47M | -4.91 | 14.36% | ― | -5.80% | 32.11% |
* Consumer Cyclical Sector Average
LUCK
Lucky Strike Entertainment
7.70
-1.76
-18.57%
YETI
Yeti Holdings
49.69
17.50
54.36%
OSW
OneSpaWorld Holdings
28.68
7.61
36.10%
PTON
Peloton Interactive
5.75
-0.68
-10.58%
XPOF
Xponential Fitness
6.78
-2.65
-28.10%
Lucky Strike Entertainment Corporate Events
Business Operations and StrategyExecutive/Board Changes
Lucky Strike Elevates Bobby Lavan to President-CFO Role
Positive
Jun 8, 2026
On June 8, 2026, Lucky Strike Entertainment promoted 44-year-old Bobby Lavan to President while he continues as Chief Financial Officer, expanding his remit over strategic execution and operational excellence across the portfolio. Lavan, who joine...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Lucky Strike Entertainment Reports Mixed Q3 2026 Performance
Neutral
May 6, 2026
Lucky Strike Entertainment reported third-quarter fiscal 2026 results on May 6, 2026, with revenue edging up 0.7% year on year to $342.2 million and same-store sales rising 0.2%, while net income improved to $16.9 million but adjusted EBITDA decli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.