Bowlero Corp (N:BOWL)

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
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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

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