BOWLERO


Associated tags: AMF, Bowlmor Lanes, Corp, NYSE, Bowlero Corporation, Bowling, Sports, Entertainment, General Entertainment

Locations: NEW YORK, NY, WASHINGTON, WA, TENNESSEE, TN, WHITE PLAINS, US, MA, SAN DIEGO, ATLANTA, GA, PENNSYLVANIA, MASSACHUSETTS, ILLINOIS, MICHIGAN, UNITED STATES, NORTH AMERICA, VIRGINIA, CALIFORNIA

Bowlero Announces the Acquisition of Thunderbowl Lanes in Michigan

Retrieved on: 
Thursday, May 9, 2024

Thunderbowl Lanes is the largest bowling center in the United States.

Key Points: 
  • Thunderbowl Lanes is the largest bowling center in the United States.
  • The acquisition of Thunderbowl Lanes marks the company’s sixth location in Michigan.
  • “We are pleased to announce the acquisition of Thunderbowl Lanes," stated Thomas Shannon, Founder and Chief Executive Officer of Bowlero.
  • We eagerly anticipate integrating Thunderbowl Lanes into the Bowlero family as we continue our growth trajectory."

Bowlero Reports Third Quarter Results for Fiscal Year 2024

Retrieved on: 
Monday, May 6, 2024

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 to Report Third Quarter 2024 Financial Results on May 6, 2024

Retrieved on: 
Monday, April 22, 2024

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 Promotes Zac Sulma to Chief Sales Officer

Retrieved on: 
Thursday, March 28, 2024

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.

Bowlero Corp. Opens Lucky Strike Miami

Retrieved on: 
Monday, March 25, 2024

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.

Bowlero Reports Second Quarter Results for Fiscal Year 2024; Initiates Quarterly Dividend

Retrieved on: 
Monday, February 5, 2024

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.

Bowlero to Report Second Quarter 2024 Financial Results on February 5, 2024

Retrieved on: 
Wednesday, January 24, 2024

Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the global leader in bowling entertainment, will report financial results for the second quarter of fiscal 2024 on Monday, February 5, 2024, 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 second quarter of fiscal 2024 on Monday, February 5, 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 Promotes Long-Time Executive Lev Ekster to President

Retrieved on: 
Tuesday, January 16, 2024

Bowlero Corporation (NYSE: BOWL), the global leader in bowling entertainment, announced today the naming of Lev Ekster, 40, as President of Bowlero Corp. Mr. Ekster has led the expansion of the Professional Bowlers Association (“PBA”) along with the Amusements and Leagues departments and most recently, Information Technology.

Key Points: 
  • Bowlero Corporation (NYSE: BOWL), the global leader in bowling entertainment, announced today the naming of Lev Ekster, 40, as President of Bowlero Corp. Mr. Ekster has led the expansion of the Professional Bowlers Association (“PBA”) along with the Amusements and Leagues departments and most recently, Information Technology.
  • He will report to Thomas Shannon, Founder, Chairman and CEO of Bowlero, and be responsible for daily management of Center Operations.
  • To further optimize the company’s operations, Mr. Ekster has been promoted to President of Bowlero.
  • Mr. Ekster has an undergraduate degree in Business Administration from Ithaca College and a JD from New York Law School where he graduated Cum Laude.

Bowlero Announces 20th Center Acquisition in Fiscal 2024, Opens New California Lucky Strike and Share Repurchase Update

Retrieved on: 
Tuesday, January 16, 2024

During the second quarter of fiscal 2024, Bowlero Corp. completed the acquisitions of Niles Bowling center in Niles, IL and BAM!

Key Points: 
  • During the second quarter of fiscal 2024, Bowlero Corp. completed the acquisitions of Niles Bowling center in Niles, IL and BAM!
  • The total FY 2024 investment in acquisitions thus far, including the 14 Lucky Strike centers is $145.9 million.
  • This is Bowlero Corp.'s 52nd center in California and the fifth Lucky Strike branded center in the state.
  • Bowlero Corp. anticipates continuing its share repurchase program through the balance of fiscal 2024 and beyond, subject to market and other conditions.

Bowlero Announces First Quarter Results for Fiscal Year 2024

Retrieved on: 
Tuesday, November 7, 2023

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.