Bowlero Corp (N:BOWL)

Sector:  Consumer Cyclicals Industry:  Leisure & Recreation
See Regulatory Filings on SEC
Company Contact
Address: 7313 Bell Creek Road
Tel: N/A
IR: See website
Key People
Thomas F. Shannon
Chairman of the Board, Chief Executive Officer, Founder
Lev Ekster
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 39 weeks ended 31 March 2024, Bowlero Corp revenues increased 6% to $870.7M. Net loss applicable to common stockholders decreased 63% to $27.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Change in fair value of earnout liabilit decrease of 91% to $14.5M (expense), Other expense decrease of 99% to $66K (expense).
Employees: 3,289 as of Jul 2, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,967M as of Mar 31, 2024
Annual revenue (TTM): $1,110M as of Mar 31, 2024
EBITDA (TTM): $318.18M as of Mar 31, 2024
Net annual income (TTM): $99.83M as of Mar 31, 2024
Free cash flow (TTM): -$36.44M as of Mar 31, 2024
Net Debt Last Fiscal Year: $2,050M as of Mar 31, 2024
Shares outstanding: 148,880,520 as of May 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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