Lucky Strike Entertainment Corp-A - LUCK STOCK NEWS

Lucky Strike Entertainment (NYSE: LUCK) has announced significant progress in its nationwide rebrand initiative, transforming Bowlero locations into Lucky Strike venues. Since early 2025, five locations have been successfully rebranded in Houston, Atlantic Station, Mar Vista, San Marcos, and Chula Vista, with 13 more planned over the next two months.

The transformation focuses on three key areas:

• Enhanced guest hospitality
• Elevated food and beverage menus
• Improved venue environments

The next phase targets high-profile markets including New York City's Chelsea Piers and Times Square, and the Washington, D.C. metro area's Tysons Corner. Each rebranded location features upgraded craft menus, refreshed decor, and curated playlists, complementing Lucky Strike's core offerings of upscale bowling, immersive arcades, and social spaces. Grand opening events are planned at each location, featuring specialty food samplings, giveaways, and VIP experiences.

Lucky Strike Entertainment (NYSE: LUCK) has completed the acquisition of Visalia Adventure Park, a 7-acre family entertainment center in Visalia, California. The park, opened in 2004, features multiple attractions including an arcade, bumper boats, go-karts, miniature golf, and Sequoia Springs Splash Park with waterslides and water play features.

Located off Highway 198, the facility has been a community staple for family entertainment. Lucky Strike plans to enhance the guest experience by incorporating its signature entertainment style, hospitality services, and food and beverage offerings while maintaining the park's established legacy.

Thomas Shannon, Founder, Chairman and CEO of Lucky Strike Entertainment, emphasized that this acquisition represents an expansion into the family entertainment space, combining indoor and outdoor adventures with various attractions.

Lucky Strike Entertainment (NYSE: LUCK) announced the retirement of Brett Parker, who served as Executive Vice Chairman and former Chief Financial Officer. Parker's 24-year tenure with the company included significant contributions to billions in financings and the company's NYSE listing in 2021.

Parker, who joined the predecessor company Bowlmor in New York City in 2001, was praised by CEO Thomas Shannon for his instrumental role in transforming Lucky Strike into a global leader in location-based entertainment. Parker holds a Bachelor of Science in Applied Economics and Business Management from Cornell.

Lucky Strike Entertainment (NYSE: LUCK) reported Q2 FY2025 results with mixed performance. Revenue decreased 1.8% to $300.1 million, while same-store revenue declined 6.2% year-over-year. The company posted net income of $28.3 million, compared to a prior-year loss of $63.5 million. Adjusted EBITDA was $98.8 million, down from $103.1 million.

The quarter faced challenges including delayed corporate events due to election uncertainty, a shortened holiday season, and New Year's Eve falling in the next quarter. Despite this, the company expanded operations, opening four new Lucky Strike centers and acquiring Boomer's portfolio of six family entertainment centers and one water park, bringing total locations to 364.

The company maintained its FY2025 guidance, expecting revenue growth of mid-single digits to 10%+ ($1.23-1.28 billion) and Adjusted EBITDA of $390-430 million. The board declared a quarterly dividend of $0.055 per share, and the company repurchased 5.1 million shares for approximately $56 million.

Lucky Strike Entertainment (NYSE: LUCK) has announced it will release its second quarter fiscal 2025 financial results on Wednesday, February 5, 2025, before the U.S. market opens. The company's management will host a webcast to discuss the results at 10:00 AM ET on the same day.

Investors and interested parties can access the live webcast, replay, and results presentation through the Events & Presentations section on Lucky Strike Entertainment's Investor Relations website at IR.LuckyStrikeEnt.com.

Lucky Strike Entertainment (NYSE: LUCK) announced the opening of Lucky Strike Ladera Ranch in Orange County, California, set to open on December 21, 2024. This marks the sixth newly built Lucky Strike location this year and follows the recent opening of Lucky Strike Beverly Hills. The new venue features 42 state-of-the-art bowling lanes, giant video screens, an upscale bar, and 60 arcade games. The location includes a Cheeky Monkey Gastropub with a chef-driven menu and a Prize Vault redemption store. This will be the company's 19th location nationwide, furthering its expansion strategy.

Bowlero , the world’s leading operator of location-based entertainment, has rebranded to Lucky Strike Entertainment. This rebrand signifies a strategic shift, expanding beyond traditional bowling to position the company as a premier entertainment destination. As part of this transformation, the company's legal name has been changed to Lucky Strike Entertainment , and its stock ticker symbol is now NYSE: LUCK. CEO Thomas Shannon highlighted that this change reflects the culmination of years of innovation and growth, emphasizing their commitment to providing memorable experiences and redefining location-based entertainment.