From wire reports
Lucky Strike Entertainment Corp. on Tuesday reported a fiscal 2026 first-quarter loss and revenue that beat analysts’ expectations even as same-store sales dipped 0.4 percent, according to a report from http://www.11thframe.com.
The former Bowlero Corp. lost $13.8 million, or 12 cents per share, in the quarter, compared to a profit of $23.1 million, or 13 cents per share, in the same quarter a year ago. The Zacks Consensus Estimate of analysts was for a loss of 15 cents per share.
Lucky Strike’s revenue for the quarter of $292.28 million was up 12.3 percent compared a year earlier, and beat the Zacks Consensus Estimate of analysts expectation of $282.57 million.
Zacks also reported that Lucky Strike posted food and beverage revenues of $96.13 million in the quarter, beating the $93.74 million estimated by three analysts on average; amusement and other revenues of $70.88 million, beating the $55.43 million average estimate based on three analysts; bowling revenue of $125.27 million compared to the $130.75 million average estimate based on three analysts.
In the fiscal first quarter, Lucky Strike acquired three family entertainment centers and one water park, but closed one unprofitable location, giving it 369 locations, including Canton’s AMF Hall of Fame Lanes and Fairlawn’s AMF Riviera Lanes.
Lucky Strike in its earnings report reaffirmed its fiscal year 2026 guidance provided Aug. 28 of 5 to 9 percent revenue growth and total revenue of $1.26 to $1.31 million.
The company that owns the PBA Tour declared a quarterly cash dividend of 6 cents per common share for the second quarter of fiscal year 2026.
“The Company delivered another strong quarter marked by solid execution, disciplined cost management, and meaningful platform expansion,” Lucky Strike founder and CEO Thomas Shannon said in a statement. “Core retail and league businesses remained resilient, with encouraging digital engagement and clear signs of recovery in events heading into the holiday season. Strategic real estate investments and a major refinancing strengthened the balance sheet and extended financial flexibility, while recent acquisitions in waterparks and family entertainment centers broadened the Company’s footprint and enhance long-term growth potential. The addition of seasoned leaders further deepened the Company’s operational and cultural bench strength, underscoring a continued commitment to people, hospitality, and performance excellence across its expanding entertainment portfolio.”