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Lucky Strike Entertainment (NYSE: LUCK) announced the retirement of Brett Parker, who served as Executive Vice Chairman and former Chief Financial Officer. Parker's 24-year tenure with the company included significant contributions to billions in financings and the company's NYSE listing in 2021.
Parker, who joined the predecessor company Bowlmor in New York City in 2001, was praised by CEO Thomas Shannon for his instrumental role in transforming Lucky Strike into a global leader in location-based entertainment. Parker holds a Bachelor of Science in Applied Economics and Business Management from Cornell.
Lucky Strike Entertainment (NYSE: LUCK) reported Q2 FY2025 results with mixed performance. Revenue decreased 1.8% to $300.1 million, while same-store revenue declined 6.2% year-over-year. The company posted net income of $28.3 million, compared to a prior-year loss of $63.5 million. Adjusted EBITDA was $98.8 million, down from $103.1 million.
The quarter faced challenges including delayed corporate events due to election uncertainty, a shortened holiday season, and New Year's Eve falling in the next quarter. Despite this, the company expanded operations, opening four new Lucky Strike centers and acquiring Boomer's portfolio of six family entertainment centers and one water park, bringing total locations to 364.
The company maintained its FY2025 guidance, expecting revenue growth of mid-single digits to 10%+ ($1.23-1.28 billion) and Adjusted EBITDA of $390-430 million. The board declared a quarterly dividend of $0.055 per share, and the company repurchased 5.1 million shares for approximately $56 million.
Lucky Strike Entertainment (NYSE: LUCK) has announced it will release its second quarter fiscal 2025 financial results on Wednesday, February 5, 2025, before the U.S. market opens. The company's management will host a webcast to discuss the results at 10:00 AM ET on the same day.
Investors and interested parties can access the live webcast, replay, and results presentation through the Events & Presentations section on Lucky Strike Entertainment's Investor Relations website at IR.LuckyStrikeEnt.com.
Lucky Strike Entertainment (NYSE: LUCK) announced the opening of Lucky Strike Ladera Ranch in Orange County, California, set to open on December 21, 2024. This marks the sixth newly built Lucky Strike location this year and follows the recent opening of Lucky Strike Beverly Hills. The new venue features 42 state-of-the-art bowling lanes, giant video screens, an upscale bar, and 60 arcade games. The location includes a Cheeky Monkey Gastropub with a chef-driven menu and a Prize Vault redemption store. This will be the company's 19th location nationwide, furthering its expansion strategy.
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.
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