Lucky Strike Entertainment Corp. has recently released its 10-K report, detailing its operations and financial performance for the fiscal year ended June 29, 2025. The company, formerly known as Bowlero Corp., operates location-based entertainment platforms under various brand names in North America, offering traditional and upscale bowling, arcade games, water parks, and family entertainment centers.
In the fiscal year 2025, Lucky Strike reported total revenue growth of 4%, reaching $1.2 billion. The increase was primarily driven by newly acquired or leased locations, partially offset by a decline in revenues on a same-store basis. The company rebranded from Bowlero to Lucky Strike Entertainment and opened four new locations in prime markets. It also completed the acquisitions of Boomers Parks, Spectrum Entertainment Complex, Adventure Park, and Shipwreck Island water park, among others.
The company's financial performance for the fiscal year ended June 29, 2025, compared to the prior year, revealed a 4% increase in total revenues, reaching $1.2 billion. The breakdown of revenues showed a 1% decrease in bowling revenues, a 6% increase in food and beverage revenues, and a 16% increase in amusement and other revenues.
Costs and expenses also saw notable changes. Location operating costs increased by 14%, mainly due to the addition of new locations from acquisitions and lease agreements. Meanwhile, location payroll and benefit costs decreased by 1%, reflecting ongoing staffing optimization initiatives. Location food and beverage costs increased by 4%, correlating with the increased revenue in this segment.
Adjusted EBITDA, a non-GAAP financial measure used by the company, increased to $367.7 million in fiscal 2025 from $361.5 million in fiscal 2024. This measure is considered important to assess the quality of the company's earnings and excludes items not indicative of core operating performance, such as interest, income taxes, depreciation, and amortization.
Following these announcements, the company's shares moved -4.5%, and are now trading at a price of $10.19. If you want to know more, read the company's complete 10-K report here.
