CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Lucky Strike Entertainment Q1 revenue beats estimates; suspends dividend to cut debt

By Reuters News


Overview

  • US location-based entertainment firm's fiscal Q1 revenue rose 3.5%, beating analyst expectations

  • Same-store revenue fell 2.6%, with declines in retail bowling and alcohol sales

  • Company suspended quarterly dividend to focus on debt reduction


Outlook

  • Lucky Strike reaffirms FY27 revenue guidance of $1.28 bln to $1.31 bln

  • Company expects FY27 adjusted EBITDA of $340 mln to $360 mln

  • Capital expenditures for FY27 projected at about $90 mln


Result Drivers

  • WATER PARKS - Co said revenue growth was helped by first full summer with two new water parks

  • RETAIL BOWLING AND ALCOHOL DECLINES - Co said same-store revenue fell due to declines in retail bowling and alcohol sales

  • EVENTS AND LEAGUES GROWTH - Co said events, leagues, food and non-alcoholic beverage grew, with events matching or beating last year for six straight months


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

Beat

$302.64 mln

$298.57 mln (10 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Lucky Strike Entertainment Corp is $9.00, about 103.6% above its November 4 closing price of $4.42

  • The stock recently traded at 182 times the next 12-month earnings vs. a P/E of 44 three months ago


Reuters Recommended Reads

  • Nov 5 - Six Flags Q3 revenue slightly beats estimates on higher spending

  • Nov 4 - Madison Square Garden beats Q1 revenue estimates on more concerts

  • Nov 4 - Park Hotels & Resorts Q3 RevPAR rises on group and leisure demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.