Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 7313 Bell Creek Road MECHANICSVILLE VA 23111 |
Tel: | N/A |
Website: | https://www.bowlerocorp.com |
IR: | See website |
Key People | ||
Thomas F. Shannon Chairman of the Board, Chief Executive Officer, Founder | Lev Ekster President | Brett I. Parker Executive Vice Chairman of the Board | Robert M. Lavan Chief Financial Officer, Treasurer |
Business Overview |
Bowlero Corp. is an operator of bowling entertainment centers. The Company operates traditional bowling centers and more upscale entertainment concepts with lounge seating, arcades, enhanced food, and beverage offerings. The Company also provides customer service for individuals and group events, as well as hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. The Company serves through various brand, such as Bowlero, Bowlmor Lanes, and AMF. The Bowlero branded centers offer an upscale entertainment concept with lounge seating, enhanced food and beverage offerings, and customer service for individual and group events. The AMF centers are traditional bowling centers in an updated format. The Company operates approximately 345 bowling centers across North America in United States, Mexico and Canada. The Company's subsidiary is AMF Bowling Centers, Inc. |
Financial Overview |
For the 26 weeks ended 31 December 2023, Bowlero Corp revenues increased 6% to $533.1M. Net loss applicable to common stockholders increased 30% to $49.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest expense, net - Balancing value increase of 69% to $51M (expense), Selling, general and administrative expe increase of 12% to $75.3M (expense). |
Employees: | 3,289 as of Jul 2, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $4,010M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,088M as of Dec 31, 2023 |
EBITDA (TTM): | $319.65M as of Dec 31, 2023 |
Net annual income (TTM): | $41.86M as of Dec 31, 2023 |
Free cash flow (TTM): | -$12.14M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2,070M as of Dec 31, 2023 |
Shares outstanding: | 149,721,710 as of Jan 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |