BOWLERO CORP - BOWL STOCK NEWS

Bowlero Corp. (NYSE: BOWL) reported strong financial results for the fourth quarter and fiscal year 2022. Revenue reached nearly $267.7 million, up 68.3% year-over-year and 72.2% compared to pre-pandemic levels. Fiscal year revenue totaled $911.7 million, a 130.7% increase year-over-year. Same-store sales grew 53.0% from pre-pandemic performance. Despite a net loss of $29.9 million for the year, adjusted EBITDA surged by 332.7%, totaling $316.4 million. The company repurchased over 3.4 million shares during the year and added new centers to enhance growth.

Bowlero Corp. (NYSE: BOWL), the largest bowling center operator, will release its fourth quarter and full year 2022 financial results on September 15, 2022, after market close. A live webcast detailing these results will take place at 4:30 PM ET on the same date. The event will be accessible through the Investor Relations section of the Bowlero website. Serving over 26 million guests annually, Bowlero operates more than 300 centers across North America, showcasing its leadership in bowling entertainment.

Bowlero Corp (NYSE: BOWL) announced its acquisition of three bowling centers: Mel's Lone Star Lanes in Greater Austin, TX, and Fiesta Bowl and Spanish Springs Lanes in The Villages, FL. This strategic expansion adds to Bowlero's footprint, marking 25 locations in Texas and enhancing its presence in Florida to 30 locations. Mel's has 40 lanes and offers various entertainment options, while both Florida locations feature 32 lanes and host competitive leagues. The acquisitions are set to finalize by the end of September 2022, supporting Bowlero's growth initiatives across North America.

Isos Capital Management has acquired 4Forces Group, expanding its capabilities in growth advisory and interim management services. Founded by Peter Cosco, who will become Managing Director at Isos, 4Forces specializes in operational improvement and strategic planning within the media and entertainment sectors. The acquisition enhances Isos' unique operator-focused approach, enabling better support for portfolio companies. Isos Capital, based in Westport, CT, aims to accelerate growth in the global media, entertainment, sports, and technology industries.

Bowlero Corp. (NYSE:BOWL), the largest bowling center operator globally, announced its participation in the Jefferies Consumer Conference on June 21-22, 2022. This virtual presentation will showcase the company's leadership in bowling entertainment, media, and events, with over 300 centers serving more than 26 million guests annually. Bowlero also owns the Professional Bowlers Association, enhancing its influence in the bowling industry. A replay of the presentation can be accessed through Bowlero's Investor Relations website.

Bowlero Corp has expanded its footprint by acquiring two bowling centers: Manatee Lanes in metro Tampa, FL, and Fat Cats in Westminster, CO. The Manatee Lanes, now under Bowlero management, features 30 lanes and an arcade, marking the 28th location in Florida since its opening on May 5. Additionally, Fat Cats, featuring 29 lanes and glow golf, will operate under Bowlero as Bowlero Promenade, becoming the 13th location in Colorado. This expansion underscores Bowlero's strategic growth in key markets, enhancing its entertainment offerings nationwide.

Bowlero Corp has announced its acquisition of three bowling centers in Wichita, Kansas, enhancing its operational footprint to four locations. The centers include Northrock Lanes, the largest in Kansas with 48 lanes and extensive amenities; West Acres Bowling Center with 36 lanes; and The Alley Indoor Entertainment, which offers 32 lanes along with various attractions. This strategic move aims to strengthen Bowlero's commitment to providing a top-tier bowling experience. The acquisition is set to be finalized within three months.

Bowlero Corp. (NYSE:BOWL) has successfully completed the redemption of all outstanding publicly and privately held warrants as of May 16, 2022. A total of 2,040 warrants were exercised for cash, and 14,524,679 were exercised on a cashless basis, resulting in the issuance of 4,264,399 Class A Shares. The company has also repurchased 465,667 shares for $4.3 million, leaving approximately $189 million remaining in its authorized buyback program. This move aims to enhance shareholder value and simplify capital structure.

Bowlero Corp. (NYSE: BOWL) reported a strong financial performance for Q3 2022, with revenue nearly reaching $258 million, marking a year-over-year growth of 129.8%. Compared to pre-pandemic levels, revenue grew 25.8%, while same-store sales increased 12.2%. Despite this, the company posted a net loss of $18 million due to significant non-cash expenses. Adjusted EBITDA rose to $108.4 million, reflecting a 295.7% increase year-over-year. Bowlero also announced the planned redemption of all outstanding warrants.