LUCK
Lucky Strike Entertainment Corporation8.87
-0.20-2.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Defends guidance, details investment ROI.
Management pushed back hard on trimming FY EBITDA guidance, pinning Q2 drags on $6M center payroll and $5M marketing/team investments while affirming H1 momentum sets up H2 acceleration. Events turned via dynamic pricing—nix discounts on peak slots—and marketing ROI shone with impressions tripling to over 1B and online revenue up 28%. F&B non-alc surged 26%/$2M to offset alc weakness; tablets in 125 spots lifted checks 7%. Water parks boast facelifts sparking 25% Boomers revenue pops lately. Q&A adds granular color but reaffirms script. Bullish on summer leverage; watch park execution.
Key Stats
Market Cap
1.24BP/E (TTM)
-Basic EPS (TTM)
-0.38Dividend Yield
0.02%Recent Filings
8-K
President resigns; CEO adds role
8-K
Q2 revenue up, but net loss
Lucky Strike Entertainment reported Q2 FY2026 revenue up 2.3% to $306.9M, but swung to a $12.7M net loss from $28.3M income amid higher costs, with Adjusted EBITDA dropping to $77.5M. Same-store revenue edged up 0.3%, fueled by walk-in and events recovery. It added one water park, hit 369 locations, and reaffirmed FY2026 guidance of 5-9% revenue growth to $1,260M-$1,310M and Adjusted EBITDA $375M-$415M. Board declared $0.06/share dividend.
10-Q
Q2 FY2026 results
Lucky Strike posted Q2 revenue of $306.9M, up 2% y/y, with bowling at $142.9M (+3%), food & beverage $112.4M (+1%), and amusement $51.6M (+3%); operating income fell to $33.3M from $46.9M as location costs jumped 21% on marketing and new sites, yet depreciation dropped 22% from extended asset lives. Acquisitions drove growth, including four locations for $44M cash (preliminary $18.5M goodwill) and 58 Carlyle properties for $306M in July 2025, slashing future rents. Cash hit $95.9M after $41.7M operating cash flow; refinanced with $1.2B term loan (7.17%, 2032) and $500M 7.25% notes (2032), revolver at $85M drawn ($425M commitment). Net loss widened to $12.7M from $28.3M profit, mainly interest expense. Debt covenants met. Share repurchases continue. Competition squeezes events business.
8-K
Stockholders elect board, ratify auditors
Lucky Strike Entertainment's stockholders overwhelmingly elected eight directors—including Michael J. Angelakis, Robert J. Bass, and six others—to its board at the December 9, 2025 annual meeting, with for votes exceeding 656 million each amid minimal opposition. Ratification of Deloitte & Touche LLP as auditors for the fiscal year ending June 28, 2026, passed decisively: 662 million for, just 175k against. Governance continuity locked in.
10-Q
Q1 FY2026 results
Lucky Strike's Q1 FY2026 revenue jumped 12% y/y to $292.3M, driven by 42% growth in amusement & other while bowling edged up 3%; operating income doubled to $28.2M on lower D&A (down 10%) thanks to extended asset lives cutting expense by $7.4M. Acquisitions added four locations for $44M cash (recognizing $18.2M goodwill) and 58 Carlyle properties for $306M on July 10, shifting leases to owned assets. Yet net loss hit $13.8M ($0.12/share) from $53.4M interest expense, exceeding operating income by over 20% due to debt costs and other expense; cash fell to $31M after heavy capex, offset by $1.7B debt refinancing. Debt stands at $1.7B long-term with $425M revolver undrawn. Share repurchases continue. Rising labor costs pressure margins.
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