BOWLERO CORP Stock Price, News & Analysis

Bowlero Corp. (NYSE: BOWL) announced the acquisition of The Big Event in Cherry Hill, New Jersey, marking its first acquisition in 2023. This venue features 36 bowling lanes along with billiards, arcade games, and private event spaces. With this addition, Bowlero expands its footprint to 10 locations in New Jersey, enhancing its average unit volumes. The Big Event is scheduled to open under Bowlero's management on February 17. So far in fiscal 2023, the company has completed 12 acquisitions, reinforcing its position as a leader in bowling entertainment.

Bowlero Corp. (NYSE: BOWL), the largest bowling center operator globally, will participate in two key investor conferences: the Raymond James Institutional Investors Conference on March 6, 2023, and the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 7, 2023. Brett Parker, Vice Chairman and CFO, is scheduled for fireside chats during both events. The sessions will offer insights into Bowlero's performance and strategies. Investors can access a live webcast on Bowlero’s Investor Relations website.

Bowlero Corp reported a record-breaking revenue of $273.4 million for Q2 2023, marking a 33.2% increase year-over-year and 47.9% compared to pre-pandemic levels. Net income stood at $1.4 million, but was impacted by a $30.8 million non-cash expense. Adjusted EBITDA reached $97.0 million, up 45.2% year-over-year. The company's trailing twelve-month (TTM) revenue hit $1.03 billion, exceeding previous projections. Bowlero's proprietary app, MoneyBowl™, is now active in 37 centers. The company continues to expand, adding new centers and signing leases for construction.

Bowlero Corp. (NYSE: BOWL) has successfully closed a $900 million term loan B due February 8, 2028 in a net-leverage-neutral transaction. Additionally, the company has upsized its revolving credit facility by $35 million, increasing its total to $200 million. Proceeds will refinance existing debt and support general corporate purposes. Moody's upgraded Bowlero's corporate family rating from B2 to B1, highlighting the transaction's positive implications. The deal involved major financial institutions and indicates strong liquidity and growth prospects for Bowlero.

Bowlero Corp. (NYSE: BOWL), the largest bowling center operator globally, will report its financial results for Q2 of fiscal 2023 on February 15, 2023, post-market close. The management will hold a live webcast at 4:30 PM ET to discuss these results. Bowlero serves nearly 30 million guests annually across more than 325 centers in North America, showcasing its strong market presence. The results presentation will be available on the company's Investor Relations website. For more details, please visit BowleroCorp.com.

Bowlero Corp. (NYSE: BOWL) reports preliminary results for Q2 FY23 ending January 1, 2023, highlighting a record TTM revenue exceeding $1 billion, showing growth of approximately 48% in same-store sales year-over-year. The revenue surpasses the $878 million projection from its December 2021 go-public transaction by $122 million. Bowlero added 40 bowling centers in the past 18 months, now operating 326 locations. The company's MoneyBowl™ app is expanding, expected to be active in 27 centers by January 13, 2023.

Bowlero Corp. (NYSE: BOWL), a leader in bowling entertainment, announced its participation in two upcoming investor conferences:

• 25th Annual ICR Conference from January 9-11, 2023
• CJS Securities Virtual “New Ideas for the New Year” on January 11, 2023

Management will host fireside chats on January 10 at 11:00 AM ET and January 11 at 8:45 AM ET. Webcasts will be available on the Bowlero Corp. Investor relations website.

Bowlero Corp. (NYSE: BOWL) has completed the acquisition of Double Decker Lanes, marking its 16th acquisition in 2022. This strategic move expands Bowlero's footprint in California to 46 locations. The Rohnert Park bowling center features 50 lanes, a full-service lounge, and various entertainment options. This location is set to open under Bowlero management on December 17. Bowlero continues to lead in the bowling entertainment industry, serving over 27 million guests annually through more than 300 centers across North America.

Bowlero Corp. (NYSE: BOWL) has successfully acquired Great Escape, a 24-lane bowling center located in Pleasant Hill, Iowa, marking its 15th acquisition in 2022. This acquisition increases Bowlero's total center count to 326. Great Escape offers various entertainment options, including laser tag and arcade games, and will begin operations under Bowlero's management on December 9. This acquisition emphasizes Bowlero's strategy to enhance its national presence and provide a world-class entertainment experience for its guests.