Bowlero Corp. - BOWL STOCK NEWS

Bowlero , the world’s leading operator of location-based entertainment, has rebranded to Lucky Strike Entertainment. This rebrand signifies a strategic shift, expanding beyond traditional bowling to position the company as a premier entertainment destination. As part of this transformation, the company's legal name has been changed to Lucky Strike Entertainment , and its stock ticker symbol is now NYSE: LUCK. CEO Thomas Shannon highlighted that this change reflects the culmination of years of innovation and growth, emphasizing their commitment to providing memorable experiences and redefining location-based entertainment.

Lucky Strike Entertainment (NYSE: BOWL) announced the opening of its newest location in Beverly Hills at the Beverly Center on December 7, 2024. This marks the fifth newly built Lucky Strike location this year, following openings in Miami, Moorpark, and two locations in Denver.

The Beverly Hills venue features 22 bowling lanes, an upscale bar, Cheeky Monkey Gastropub, and an arcade with over 60 games. The company plans to convert 80 existing centers to the Lucky Strike brand in the next year, with an additional 120 conversions planned thereafter.

The opening coincides with the company's official rebranding to Lucky Strike Entertainment on December 12, 2024, bringing the total number of Lucky Strike locations to 18.

Bowlero (NYSE: BOWL) announced its rebranding to Lucky Strike Entertainment, effective December 12, 2024, including a ticker change to NYSE: LUCK. The company plans to transform over 75 Bowlero centers into Lucky Strike locations within two years, starting with high-profile markets like Manhattan and DC area. The rebrand reflects expansion beyond bowling, incorporating recent acquisitions of water parks and family entertainment centers. The company, which operates over 13,000 bowling lanes and employs 12,000 people, serves 40 million guests annually. A flagship location in Beverly Hills will debut in December 2024, featuring upscale interiors and premium entertainment offerings.

Bowlero Corp (NYSE: BOWL) announced the opening of two new Lucky Strike locations in Colorado: Lucky Strike Southlands in Aurora and Lucky Strike Northfield in Denver. These mark the third and fourth new builds since Lucky Strike's acquisition last September. The Aurora location spans 38,000 square feet with 36 bowling lanes, while the Denver venue offers 32,000 square feet with 30 lanes. Both facilities feature sports bars, arcade games, video screens, and an upscale craft menu. These openings represent a strategic expansion of the Lucky Strike brand in the Colorado market.

Bowlero Corp. (NYSE: BOWL) reported strong first quarter fiscal 2025 results with revenue increasing 14.4% to $260.2 million. Total Location Revenue grew 17.5% year-over-year, while Same Store Revenue increased 0.4%. Net income reached $23.1 million, up from $18.2 million, and Adjusted EBITDA rose to $62.9 million. The company expanded through acquisitions including Boomers Parks and Spectrum Entertainment Complex, plus opened new Lucky Strike locations. Bowlero raised its FY2025 revenue guidance to $1.23-1.28 billion with expected Adjusted EBITDA of $390-430 million. The company also declared a quarterly dividend of $0.055 per share.

Bowlero Corp. (NYSE: BOWL), a leading operator of location-based entertainment, has announced it will release its first quarter fiscal 2025 financial results on Monday, November 4, 2024, after the U.S. stock market closes. The company's management team will host a webcast at 4:30 PM ET on the same day to discuss the results.

Investors and interested parties can access the live webcast, replay, and results presentation through the Events & Presentations section of Bowlero's Investor Relations website at https://ir.bowlerocorp.com/. This announcement provides shareholders and analysts with a scheduled opportunity to review and discuss Bowlero's financial performance for the specified period.

Bowlero Corp. (NYSE: BOWL) reported its Q4 and full-year fiscal 2024 results, ending June 30, 2024. Q4 highlights include an 18.6% revenue increase to $283.9 million and a 29%+ year-over-year growth in Adjusted EBITDA. The company saw a 6.9% increase in Same Store Revenue. For the full fiscal year, revenue grew 9.1% to $1,154.6 million, while Adjusted EBITDA reached $361.5 million. Bowlero added 25 new locations, including acquisitions of Lucky Strike and Raging Waves waterpark. The company's Season Pass sales hit a record $11 million. For fiscal year 2025, Bowlero expects total Revenue to grow mid-single digits to 10%+, reaching $1.22-$1.28 billion, with Adjusted EBITDA projected at $390-$430 million.

Bowlero Corp. (NYSE: BOWL), a leading operator of location-based entertainment, has announced its plans to release financial results for the fourth quarter and full year fiscal 2024 on September 5, 2024, after the U.S. stock market closes. The company will host a webcast at 4:30 PM ET on the same day, where management will discuss the results. Investors and interested parties can access the live webcast, replay, and results presentation in the Events & Presentations section of Bowlero's Investor Relations website at https://ir.bowlerocorp.com/.

Bowlero Corp. (NYSE: BOWL), a leading operator of location-based entertainment, has announced a regular quarterly cash dividend of $0.055 per common share. The dividend will be paid on September 6, 2024, to stockholders of record as of August 23, 2024. This declaration by Bowlero's Board of Directors demonstrates the company's commitment to returning value to its shareholders and may indicate confidence in its financial stability and future prospects.