BOWL Company Report

Lucky Strike Entertainment reported Q2 2026 same-store sales growth of +0.3% and total revenue growth of +2.3%, driven by continued strength in its retail and league businesses, while the events business achieved its best showing in years, ending nearly flat for the quarter.
The company made deliberate investments in payroll and marketing, with some incremental labor weighing on profitability, and is now shifting to a more balanced approach that emphasizes both same-store sales growth and EBITDA expansion, with material margin growth expected in the fourth quarter.
In January, Lucky Strike closed on the acquisition of Raging Waters, the largest water park in California, and combined with other recent acquisitions, expects a significant seasonal lift to earnings in the June and September quarters, reflecting continued portfolio diversification.
The company is on track to sunset the Bowlero brand by the end of the calendar year, simplifying its portfolio to two cohesive brands, Lucky Strike and AMF, with approximately 100 Lucky Strike locations currently operating and 30 rebrands completed in Q2.

2 days ago

Lucky Strike Entertainment Reports Q2 2026 Results with Positive Sales Growth and Strategic Acquisitions

BOWL

Earnings

New Projects/Investments

Guidance Update

Lucky Strike Entertainment reported a +0.3% same-store sales comp and +2.3% total revenue growth for Q2 2026, driven by strong retail and league businesses, while the events business achieved its best showing in years by ending nearly flat.
The company is shifting to a more balanced approach, emphasizing same-store sales growth and EBITDA expansion, with future investments being more targeted after some Q2 spending, particularly incremental labor, weighed on profitability. Marketing investments in Q2 led to a 200% increase in media impressions and 28% growth in online revenue.
In January, Lucky Strike Entertainment closed the acquisition of Raging Waters, the largest water park in California, and expects this, along with other recent acquisitions, to provide a significant seasonal lift to earnings in the summer quarters.
Management remains confident in achieving full-year guidance, citing a strong start to January (despite a $5 million revenue hit from snow ), the turnaround in the events business, and anticipated significant EBITDA contributions from water parks in Q4. The company is also on track to sunset the Bowlero brand by the end of calendar year 2026, simplifying its portfolio to Lucky Strike and AMF.

2 days ago

Lucky Strike Entertainment Reports Q2 2026 Results, Details Acquisitions and Brand Strategy

BOWL

Earnings

M&A

Guidance Update

Lucky Strike Entertainment reported a +0.3% same-store sales comp and +2.3% total revenue growth for Q2 2026, driven by its retail and league businesses, with the events business nearly flat. January started with strong double-digit results, despite a $5 million revenue impact from a snowstorm.
The company closed the acquisition of Raging Waters, the largest water park in California, in January, contributing to $95 million in acquisitions this year. This acquisition, along with three new family entertainment centers, is expected to provide a significant seasonal lift to earnings in the June and September quarters.
Lucky Strike is on track to sunset the Bowlero brand by the end of calendar year 2026, simplifying its portfolio to two cohesive brands, Lucky Strike and AMF, to drive efficiencies in marketing spend. The company expects to have 218 Lucky Strike locations by the end of the calendar year.
The company is shifting to a more balanced approach that places equal emphasis on same-store sales growth and EBITDA expansion, with future investments being more targeted and measured. In Q2 2026, center payroll on a comparable basis was up $6 million YoY, and marketing investment increased by $4 million YoY.

2 days ago

Lucky Strike Entertainment Reports Q1 2026 Results and Strategic Updates

BOWL

Earnings

M&A

Debt Issuance

Lucky Strike Entertainment reported Q1 2026 results with total revenue growth of 12% and Adjusted EBITDA up 15%, though same-store sales were nearly flat at -0.4%.
The company executed a $1.7 billion refinancing in September, extending debt maturities to 2032 at an average weighted cost of capital of 7%.
Strategic moves included a $306 million real estate investment for 58 existing locations and a $90 million acquisition of two water parks and three family entertainment centers, expanding its platform to approximately 370 locations.
Food and beverage revenue saw 10% growth in Q1 2026, driven by attachments, with Lucky Strike branded locations achieving 50% higher F&B to bowl revenues. The company is on track to rebrand 100 locations to Lucky Strike by year-end.
Management affirmed its full-year same-store sales guidance of 1-5% and anticipates CapEx to be below the $130 million guidance for the year, prioritizing organic growth and internal returns.

Nov 4, 2025, 10:00 PM

BOWL Reports Q1 2026 Financial Results

BOWL

Earnings

New Projects/Investments

For Q1 2026, BOWL reported Revenues of $292,278 thousand, a Net Income of -$13,798 thousand, and Adjusted EBITDA of $72,654 thousand.
Same Store Revenue for Q1 2026 was $254,480 thousand, reflecting a -0.4% year-over-year change.
The company is undertaking a rebrand initiative, with 74 Lucky Strike locations currently, planning to reach nearly 100 by year-end and complete the rebrand by the end of 2026.