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Mar 31, 2024
Lucky Strike Entertainment Q3 2024 Earnings Report
Bowlero's Q3 2024 financial performance reflected revenue growth and strategic investments.
Key Takeaways
Bowlero Corp. reported a 7.0% increase in revenue to $337.7 million for the third quarter of fiscal year 2024. The company's net income was $23.8 million, a significant improvement from the prior year's loss of $32.1 million. Strategic investments in new locations and traffic-driving initiatives contributed to the company's performance.
Revenue increased by 7.0% to $337.7 million compared to the prior year.
Net income reached $23.8 million, a substantial recovery from the previous year's loss.
Adjusted EBITDA was $122.8 million, slightly lower than the prior year's $127.6 million.
The company added two new locations, expanding its footprint to a total of 352 locations.
Lucky Strike Entertainment
Lucky Strike Entertainment
Forward Guidance
Bowlero expects to be near the low end of its fiscal year 2024 revenue and Adjusted EBITDA guidance.