Welcome to our dedicated page for Bowlero news (Ticker: BOWL), a resource for investors and traders seeking the latest updates and insights on Bowlero stock.
Bowlero Corporation (symbol: BOWL) stands as the world's largest operator of ten-pin bowling centers, with approximately 300 centers predominantly located in the United States. As a leader in the bowling entertainment industry, Bowlero Corp. merges the age-old sport with modern amenities to offer a unique experience for all ages.
At its core, Bowlero Corp. operates a variety of traditional bowling centers alongside upscale entertainment venues that feature lounge seating, arcades, enhanced food and beverage offerings, and top-notch customer service. These entertainment centers are designed to cater to both individual and group events, making them ideal for birthday parties, corporate events, and casual outings.
The company's commitment to innovation and customer satisfaction has led to a series of successful projects and developments. Recently, Bowlero Corp. has been focusing on upgrading its existing centers and expanding its footprint through new openings. The company's financial health remains strong, backed by strategic partnerships and a dedicated management team that continues to drive growth and profitability.
Moreover, Bowlero Corp. is heavily involved in the professional and amateur bowling scenes, hosting and overseeing numerous tournaments. These events are not only popular among participants but also attract significant viewership through related broadcasting.
Overall, Bowlero Corp. is a dynamic and forward-thinking company that continues to evolve, setting new standards in the bowling entertainment industry. Stockholders and potential investors can stay updated on the latest news and developments by visiting their official website or following industry news sources.
Bowlero Corp reported a record-breaking revenue of $273.4 million for Q2 2023, marking a 33.2% increase year-over-year and 47.9% compared to pre-pandemic levels. Net income stood at $1.4 million, but was impacted by a $30.8 million non-cash expense. Adjusted EBITDA reached $97.0 million, up 45.2% year-over-year. The company's trailing twelve-month (TTM) revenue hit $1.03 billion, exceeding previous projections. Bowlero's proprietary app, MoneyBowl™, is now active in 37 centers. The company continues to expand, adding new centers and signing leases for construction.
Bowlero Corp. (NYSE: BOWL) has successfully closed a $900 million term loan B due February 8, 2028 in a net-leverage-neutral transaction. Additionally, the company has upsized its revolving credit facility by $35 million, increasing its total to $200 million. Proceeds will refinance existing debt and support general corporate purposes. Moody's upgraded Bowlero's corporate family rating from B2 to B1, highlighting the transaction's positive implications. The deal involved major financial institutions and indicates strong liquidity and growth prospects for Bowlero.
Bowlero Corp. (NYSE: BOWL), the largest bowling center operator globally, will report its financial results for Q2 of fiscal 2023 on February 15, 2023, post-market close. The management will hold a live webcast at 4:30 PM ET to discuss these results. Bowlero serves nearly 30 million guests annually across more than 325 centers in North America, showcasing its strong market presence. The results presentation will be available on the company's Investor Relations website. For more details, please visit BowleroCorp.com.
Bowlero Corp. (NYSE: BOWL) reports preliminary results for Q2 FY23 ending January 1, 2023, highlighting a record TTM revenue exceeding $1 billion, showing growth of approximately 48% in same-store sales year-over-year. The revenue surpasses the $878 million projection from its December 2021 go-public transaction by $122 million. Bowlero added 40 bowling centers in the past 18 months, now operating 326 locations. The company's MoneyBowl™ app is expanding, expected to be active in 27 centers by January 13, 2023.
Bowlero Corp. (NYSE: BOWL), a leader in bowling entertainment, announced its participation in two upcoming investor conferences:
- 25th Annual ICR Conference from January 9-11, 2023
- CJS Securities Virtual “New Ideas for the New Year” on January 11, 2023
Management will host fireside chats on January 10 at 11:00 AM ET and January 11 at 8:45 AM ET. Webcasts will be available on the Bowlero Corp. Investor relations website.
Bowlero Corp. (NYSE: BOWL) has completed the acquisition of Double Decker Lanes, marking its 16th acquisition in 2022. This strategic move expands Bowlero's footprint in California to 46 locations. The Rohnert Park bowling center features 50 lanes, a full-service lounge, and various entertainment options. This location is set to open under Bowlero management on December 17. Bowlero continues to lead in the bowling entertainment industry, serving over 27 million guests annually through more than 300 centers across North America.
Bowlero Corp. (NYSE: BOWL) has successfully acquired Great Escape, a 24-lane bowling center located in Pleasant Hill, Iowa, marking its 15th acquisition in 2022. This acquisition increases Bowlero's total center count to 326. Great Escape offers various entertainment options, including laser tag and arcade games, and will begin operations under Bowlero's management on December 9. This acquisition emphasizes Bowlero's strategy to enhance its national presence and provide a world-class entertainment experience for its guests.
Bowlero Corp. (NYSE: BOWL) announced participation at the UBS Global TMT Conference from December 5-7, 2022, in New York City. Brett Parker, President & CFO, will engage in a fireside chat on December 6 at 3:50 PM ET and is available for meetings throughout the event. Bowlero is the global leader in bowling entertainment, operating over 300 centers in North America and serving 27 million guests annually. The company owns brands like Bowlero, Bowlmor Lanes, and AMF, and acquired the Professional Bowlers Association in 2019.
Bowlero Corp. reported a first-quarter revenue of $230.3 million, marking a 27.2% year-over-year increase and a 55.0% rise compared to pre-pandemic levels. Same-store sales grew by 19.9% year-over-year. The net loss for the quarter was $33.5 million, primarily due to a $40.8 million non-cash expense related to earnout revaluation, with normalized net income at $7.2 million. Adjusted EBITDA increased by 11.0% year-over-year, totaling $65.3 million, despite a margin contraction compared to the previous year.
Bowlero Corp. (NYSE: BOWL) has announced the completion of its acquisition of The Mark, a premier family entertainment center in Elkhorn, NE, marking its 14th acquisition in 2022. This acquisition strengthens Bowlero's presence in the Omaha market, complementing their previous acquisition of Thunderbowl. The Mark features 40 bowling lanes, sports facilities, an arcade, and dining options within an expansive 85,000 sq. ft. space. CEO Brett Parker emphasized the company's focus on acquisition-driven growth.
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