Bowlero Corp. Interview on Mad Money With Jim Cramer Now Available for Viewing

Rhea-AI Summary

Bowlero Corp. (NYSE: BOWL) highlighted its performance during an interview with CEO Thomas Shannon on Mad Money. Key points included same store sales growth and a $200M share buyback plan. Bowlero operates 323 centers in North America and has successfully transformed into a profitable entertainment leader. The company is also capitalizing on the resurgence of bowling in popular culture, bolstered by its ownership of the Professional Bowlers Association. Mr. Cramer noted that Bowlero consistently beats market expectations after its public listing.

Positive

• Bowlero reported significant same store sales growth compared to the prior year.
• The company announced a $200M share buyback authorization.
• Bowlero is profitable and consistently beats market expectations since going public.
• The company operates 323 centers across North America, serving over 27 million guests annually.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- Bowlero Corp. (NYSE: BOWL) (“Bowlero”), the world’s leader in bowling entertainment, announced today that the interview with Thomas Shannon, Founder & Chief Executive Officer of Bowlero, featured on last Thursday’s edition of Mad Money with Jim Cramer, is now available for viewing on the official Bowlero Corp. website here.

In the interview, Mr. Shannon and Mad Money host Jim Cramer discussed highlights of the business including:

• Bowlero’s significant same stores sales growth relative to prior year
• The company’s $200M share buyback authorization and redemption of all outstanding warrants
• Bowlero’s journey from one location to the worldwide leader in bowling entertainment with 323 centers across North America
• Bowlero’s growth opportunities
• Bowling’s comeback in popular culture and media, including the Bowlero-owned and operated Professional Bowlers Association, the major league of bowling

“Unlike nearly every other post-SPAC stock, Bowlero is genuinely profitable,” said Mr. Cramer, a vocal critic of SPACs and post-SPAC public companies. He added, “they’re consistently beating expectations since they [became] public.”

About Bowlero Corp

Bowlero Corp. is the worldwide leader in bowling entertainment, media, and events. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 27 million guests each year through a family of brands that includes Bowlero, Bowlmor Lanes, and AMF. In 2019, Bowlero Corp. acquired the Professional Bowlers Association, the major league of bowling, which boasts thousands of members and millions of fans across the globe. For more information on Bowlero Corp., please visit BowleroCorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221024005607/en/

For Media:

Bowlero Corp. Public Relations

pr@bowlerocorp.com



For Investors:

Bowlero Corp. Investor Relations

irsupport@bowlerocorp.com

Source: Bowlero Corp.

FAQ

What did Bowlero announce on Mad Money?

Bowlero announced significant same store sales growth, a $200M share buyback, and its profitable operations during an interview with CEO Thomas Shannon on Mad Money.

How many centers does Bowlero operate?

Bowlero operates 323 bowling centers across North America.

What is Bowlero's stock symbol?

Bowlero's stock symbol is BOWL, traded on the NYSE.

What is the significance of Bowlero's share buyback?

The $200M share buyback plan indicates Bowlero's commitment to returning value to shareholders and reflects its strong financial position.

Who is Thomas Shannon?

Thomas Shannon is the Founder and CEO of Bowlero Corp, who discussed the company's achievements in an interview on Mad Money.