Associated tags: AMF, Bowlmor Lanes, Corp, Sports, Bowling, NYSE, Entertainment, General Entertainment
Locations: NEW YORK, NY, WASHINGTON, WA, TENNESSEE, TN, MA, MASSACHUSETTS, ILLINOIS, UNITED STATES, NORTH AMERICA, VIRGINIA, CALIFORNIA
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Adjustment Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, today provided financial results for the third quarter of the 2024 Fiscal Year, which ended on March 31, 2024.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, today provided financial results for the third quarter of the 2024 Fiscal Year, which ended on March 31, 2024.
- The Board of Directors declared a quarterly cash dividend of $0.055 per share of common stock for the fourth quarter of fiscal year 2024.
- After completing three fiscal quarters, we now expect to be near the low end of our fiscal year 2024 Revenue and Adjusted EBITDA guidance.
- The webcast and results presentation will be accessible at 10:00 AM ET on May 6, 2024 in the Events & Presentations section of the Bowlero Investor Relations website at https://ir.bowlerocorp.com/overview/default.aspx .
Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, will report financial results for the third quarter of fiscal 2024 on Monday, May 6, 2024, before the U.S. stock market opens.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, will report financial results for the third quarter of fiscal 2024 on Monday, May 6, 2024, before the U.S. stock market opens.
- Management will discuss the results via webcast at 10:00 AM ET on the same day.
Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location based entertainment, announced today the promotion of Zac Sulma as Chief Sales Officer.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location based entertainment, announced today the promotion of Zac Sulma as Chief Sales Officer.
- Mr. Sulma has been a driving force behind the company's same store sales expansion in fiscal year 2024 and will be responsible for enhancing future sales initiatives.
- "We are pleased to announce the promotion of Mr. Sulma to Chief Sales Officer,” stated Thomas Shannon, Founder, Chairman, and CEO of Bowlero.
- In his new role, Mr. Sulma will continue to spearhead key initiatives, including the launch of our innovative National Sales Program.
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Drug Bowlero Corporation (NYSE: BOWL), the global leader in bowling entertainment, announced today the opening of Lucky Strike Miami, the second new build using the Lucky Strike brand since it was acquired in September.
Key Points:
- Bowlero Corporation (NYSE: BOWL), the global leader in bowling entertainment, announced today the opening of Lucky Strike Miami, the second new build using the Lucky Strike brand since it was acquired in September.
- Lucky Strike Miami is located in the heart of Downtown Miami within Miami Worldcenter, a 27-acre, $6 billion mixed-use destination transforming Miami’s urban core with world-class shopping, dining, hospitality, and residential options, just steps away from the Kaseya Center, home to the Miami Heat.
- “Not only are we thrilled to be welcoming Lucky Strike to Miami Worldcenter, but we are excited to be bringing the beloved bowling brand back to Miami once again following its nearly decade-long run on Miami Beach,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates.
- “Lucky Strike will not only enhance Downtown Miami’s status as a family-friendly destination, but it will also be a wonderful complement to Miami Worldcenter’s various food, beverage, and entertainment options.”
Lev Ekster, President of Bowlero Corp., said in closing “Lucky Strike Miami embodies the vibrant ambiance of Miami, redefining the bowling experience for guests of all ages.
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Video game Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, today provided financial results for the second quarter of the 2024 Fiscal Year, which ended on December 31, 2023.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, today provided financial results for the second quarter of the 2024 Fiscal Year, which ended on December 31, 2023.
- That deal brought together flagship properties with our best-in-class operators and event sales platform, driving results higher than expectations.
- Mr. Shannon continued, “In the quarter, our event business was up over thirty percent and continues to drive the strength of our overall business.
- The Board of Directors declared an initial quarterly cash dividend of $0.055 per share of common stock for the third quarter of fiscal 2024.
Retrieved on:
Tuesday, November 7, 2023
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Bowlero Corporation Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today provided financial results for the first quarter of the 2024 Fiscal Year, which ended on October 1, 2023.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today provided financial results for the first quarter of the 2024 Fiscal Year, which ended on October 1, 2023.
- Because our first quarter is typically our seasonally lowest quarter, we used this time to test a variety of promotions and new bundled pricing structures.
- The Company reiterated financial guidance for fiscal year 2024 provided on September 11, 2023.
- The Company expects second quarter fiscal year 2024 to have Revenue Excluding Service Fee Revenue of $295 million to $310 million and Adjusted EBITDA of $100 million to $110 million.
Retrieved on:
Tuesday, October 24, 2023
Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the global leader in bowling entertainment, will report financial results for the first quarter 2024 on Tuesday, November 7, 2023 before the U.S. stock market opens.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the global leader in bowling entertainment, will report financial results for the first quarter 2024 on Tuesday, November 7, 2023 before the U.S. stock market opens.
- Management will discuss the results via webcast at 10:00 AM ET on the same day.
Retrieved on:
Thursday, October 19, 2023
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Bowlero Corporation Bowlero Corp. (NYSE: BOWL) (“Bowlero”), the global leader in bowling entertainment, today completed a transaction with VICI Properties Inc. (“VICI”) relating to the transfer of land and real estate assets of 38 Bowling Entertainment Centers across 17 states for aggregate value of $432.9 million.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero”), the global leader in bowling entertainment, today completed a transaction with VICI Properties Inc. (“VICI”) relating to the transfer of land and real estate assets of 38 Bowling Entertainment Centers across 17 states for aggregate value of $432.9 million.
- Bowlero entered into a triple-net master lease agreement with VICI (the “Lease”).
- Bowlero expects the Lease to be treated as a long-term lease obligation with no effect on EBITDA.
- Thomas Shannon, Chairman, Founder and CEO of Bowlero, said, “This transaction marks the beginning of a long-term, valuable partnership with VICI.
Retrieved on:
Monday, September 18, 2023
Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today announced the close of its previously announced agreement to acquire Lucky Strike Entertainment, LLC (“Lucky Strike”) in an all-cash transaction valued at approximately $90 million.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today announced the close of its previously announced agreement to acquire Lucky Strike Entertainment, LLC (“Lucky Strike”) in an all-cash transaction valued at approximately $90 million.
- With the completion of the transaction, Bowlero has acquired all 14 Lucky Strike bowling centers, increasing the Company’s national footprint to 345 centers in 36 states.
- Thomas Shannon, Founder, Chief Executive Officer and President of Bowlero, said, “We welcome Lucky Strike to the Bowlero family.
- All 14 of the Lucky Strike centers are located in prime cities and areas across the country and we expect them to be top-performers within our business.”
“We look forward to bringing the proven and successful Bowlero operating ethos to the world-class Lucky Strike brand and portfolio.
Retrieved on:
Monday, September 11, 2023
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Bowlero Corporation Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today provided financial results for the fourth quarter and the full 2023 Fiscal Year, which ended on July 2, 2023.
Key Points:
- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today provided financial results for the fourth quarter and the full 2023 Fiscal Year, which ended on July 2, 2023.
- Fourth quarter 2022 and Fiscal Year 2022 had an extra week of results compared to Fourth quarter 2023 and Fiscal Year 2023.
- Revenue was up 57.5% versus Fiscal Year 2019
"We finished Fiscal Year 2023 with 16% growth over Fiscal Year 2022 and 58% over Fiscal Year 2019.
- The same-store comp against a strong fourth quarter in Fiscal 2022 was down low-single digits in one of our seasonally smallest quarters.
