Bowlero reports Q3 adjusted EBITDA of $122.8 M vs. loss of $32.1M last year
Reports Q3 revenue $337.7M, consensus $341.51M. Reports Q3 SSS down 2.1%. Reports Adjusted EBITDA of $122.8 million versus prior year of $127.6 million and $67.4 million in 3QFY19..."Third quarter fiscal year 2024 started slowly due to weather. Post the first three weeks of January, we found a stable footing and increased investments to drive traffic. After the first three weeks of the quarter, we achieved a positive same-store-comp and double-digit total growth. Lucky Strike Miami opened in the quarter with exciting results, and we expect to have four more new builds opening in the next nine months with two in the Denver area and two in California. Summer Season Pass returned this year, and we expect that our continued investments in traffic will drive results throughout the spring and fall," said Thomas Shannon, Founder and Chief Executive Officer of Bowlero
