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
Brett I. Parker
President, Vice Chairman of the Board, Chief Financial Officer, Treasurer, Secretary
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 325 bowling centers across North America in United States, Mexico and Canada. The Company's subsidiary includes AMF Bowling Centers, Inc.
Financial Overview
For the 26 weeks ended 01 January 2023, Bowlero Corp revenues increased 30% to $503.6M. Net loss applicable to common stockholders increased 61% to $37.7M. Revenues reflect Bowling segment increase of 26% to $246.8M, Food and beverage segment increase of 35% to $179.7M. Higher net loss reflects Change in fair value of earnout liabilit decrease from $22.5M (income) to $71.5M (expense), Interest expense.
Employees: 2,965 as of Jul 3, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $4,209M as of Jan 1, 2023
Annual revenue (TTM): $1,029M as of Jan 1, 2023
EBITDA (TTM): $321.81M as of Jan 1, 2023
Net annual income (TTM): -$54.51M as of Jan 1, 2023
Free cash flow (TTM): $105.44M as of Jan 1, 2023
Net Debt Last Fiscal Year: $1,186M as of Jan 1, 2023
Shares outstanding: 165,636,897 as of Feb 8, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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