NYSE$LUCK
Lucky Strike Entertainment Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Bowlero Corp. achieved record-breaking results, marked by revenue growth and strategic financial maneuvers.
Bowlero Corp. reported record revenue of $316 million for Q3 2023, a 22% increase year-over-year, driven by strong event performance and increases in league and walk-in-retail revenue. The company experienced a net loss of $32 million, impacted by an $87 million non-cash expense related to earnout shares revaluation, but adjusted net income was $55 million. Adjusted EBITDA reached $128 million, up 18% year-over-year. The company added one new center during the quarter, bringing the total to 327.
- Revenue reached a record $316 million, up 22% year-over-year.
- Same-store revenue increased 17% year-over-year.
- Net loss was $32 million, influenced by an $87 million non-cash expense; adjusted net income was $55 million.
- Adjusted EBITDA increased to $128 million, an 18% increase year-over-year.
Headline financials
Revenue & EPS history
Lucky Cement Ltd · Revenue · Quarterly
$316M
Revenue by segment
Lucky Cement Ltd · $284M total across 3 segments · Q4 2024
- Bowling$131M—46.0%
- Food & beverage$97.2M—34.3%
- Amusement & other$55.9M—19.7%
Forward guidance
No specific forward guidance was provided in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
+2.0%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+7.3%
Avg return
30 days after
55%
11 / 20 earnings
Positive
+16.1%
Q2 2024
Best reaction
-15.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -1.6% | +0.4% | -2.5% | |
| Q2 2026 | -13.5% | +3.0% | +16.5% | |
| Q1 2026 | -0.7% | -1.7% | +5.5% | |
| Q3 2025 | -11.9% | -4.3% | -4.9% | |
| Q2 2025 | -1.3% | +10.1% | -12.4% | |
| Q1 2025 | +12.5% | +11.3% | +12.9% | |
| Q4 2024 | +2.6% | -5.3% | +6.6% | |
| Q3 2024 | -9.8% | -12.1% | +5.2% | |
| Q2 2024 | +16.1% | +29.2% | +10.3% | |
| Q1 2024 | +12.9% | +9.9% | +16.6% | |
| Q4 2023 | +3.4% | +5.7% | +9.5% | |
| Q3 2023 | -15.0% | -14.3% | -12.6% | |
| Q2 2023 | +4.2% | +8.3% | +4.8% | |
| Q1 2023 | -0.8% | -4.5% | -8.5% | |
| Q4 2022 | +3.4% | +7.4% | +8.1% | |
| Q3 2022 | +14.4% | +23.4% | +12.1% | |
| Q4 2021 | +13.6% | +12.8% | +39.9% | |
| Q2 2022 | +13.6% | +12.8% | +39.9% | |
| Q1 2022 | +0.9% | +0.7% | +0.0% | |
| Q3 2021 | -2.8% | -2.8% | -0.5% |
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