BOWLERO CORP Stock Price, News & Analysis

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.

Bowlero Corp. (NYSE: BOWL) announced participation at the UBS Global TMT Conference from December 5-7, 2022, in New York City. Brett Parker, President & CFO, will engage in a fireside chat on December 6 at 3:50 PM ET and is available for meetings throughout the event. Bowlero is the global leader in bowling entertainment, operating over 300 centers in North America and serving 27 million guests annually. The company owns brands like Bowlero, Bowlmor Lanes, and AMF, and acquired the Professional Bowlers Association in 2019.

Bowlero Corp. reported a first-quarter revenue of $230.3 million, marking a 27.2% year-over-year increase and a 55.0% rise compared to pre-pandemic levels. Same-store sales grew by 19.9% year-over-year. The net loss for the quarter was $33.5 million, primarily due to a $40.8 million non-cash expense related to earnout revaluation, with normalized net income at $7.2 million. Adjusted EBITDA increased by 11.0% year-over-year, totaling $65.3 million, despite a margin contraction compared to the previous year.

Bowlero Corp. (NYSE: BOWL) has announced the completion of its acquisition of The Mark, a premier family entertainment center in Elkhorn, NE, marking its 14th acquisition in 2022. This acquisition strengthens Bowlero's presence in the Omaha market, complementing their previous acquisition of Thunderbowl. The Mark features 40 bowling lanes, sports facilities, an arcade, and dining options within an expansive 85,000 sq. ft. space. CEO Brett Parker emphasized the company's focus on acquisition-driven growth.

Bowlero Corp. (NYSE: BOWL) has announced the acquisition of Sabre Lanes in Wisconsin and a definitive agreement to acquire The Big Event in New Jersey. These acquisitions mark Bowlero's 13th and 14th acquisitions in 2022, furthering its expansion strategy. Sabre Lanes, with 48 lanes, will open under Bowlero's management on November 5. The Big Event, featuring 36 lanes and various entertainment options, is expected to be finalized in early 2023. CEO Brett Parker emphasizes the company's commitment to growth through strategic acquisitions.

Bowlero Corp. (NYSE: BOWL) will announce its financial results for the first quarter of fiscal 2023 on November 16, 2022, after U.S. market close. A management webcast to discuss the results is scheduled for 4:30 PM ET the same day. With over 300 locations in North America, Bowlero serves more than 27 million guests annually through brands like Bowlero, Bowlmor Lanes, and AMF. The company is also known for acquiring the Professional Bowlers Association in 2019, further solidifying its leadership in bowling entertainment.

Bowlero Corp. (NYSE: BOWL) has announced two new acquisitions, bringing its total definitive agreements for 2022 to 17. The newly acquired bowling centers are Double Decker Lanes in California and Great Escape in Iowa. Double Decker Lanes features 50 lanes, a sports bar, and arcade games, while Great Escape includes laser tag and a full-service restaurant. So far in FY23, Bowlero has entered nine agreements and completed seven acquisitions, highlighting its commitment to growth and enhancing guest experiences.