Lucky Strike Entertainment Corp · Q1 2025 earnings

Briefing

Reported a revenue increase of 14.4% and net income of $23.1 million in Q1 2025.

Bowlero Corp. reported a strong first quarter for fiscal year 2025, with revenue increasing by 14.4% to $260.2 million and net income rising to $23.1 million. The company's growth was driven by increased customer spending on food, beverage, and experiential offerings, as well as strategic acquisitions and new builds. Bowlero is increasing the low end of its total revenue guidance for fiscal year 2025 by $10 million.

• Revenue increased 14.4% to $260.2 million year-over-year.
• Total Location Revenue increased 17.5% versus the prior year.
• Net income increased to $23.1 million from $18.2 million in the previous year.
• Adjusted EBITDA increased to $62.9 million from $52.1 million in the prior year.

Headline financials

Revenue & EPS history

Bowlero is increasing the low end of its total revenue guidance for fiscal year 2025 by $10 million. We expect total Revenue to be up mid-single digits to 10%+ year-over-year, which equates to $1.23 billion to $1.28 billion of total Revenue. Adjusted EBITDA margin is expected to be 32% to 34%, which equates to Adjusted EBITDA of $390 million to $430 million.