Bowlero Reports First Quarter Results for Fiscal Year 2025
Bowlero Corp. Class A (BOWL)
Company Research
Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, today provided financial results for the first quarter of the 2025 Fiscal Year, which ended on September 29, 2024.Quarter Highlights:Revenue increased 14.4% to $260.2 million from $227.4 million in the previous yearTotal Location Revenue increased 17.5% versus the prior yearSame Store Revenue increased 0.4% versus the prior yearNet income of $23.1 million versus prior year income of $18.2 millionAdjusted EBITDA of $62.9 million versus $52.1 million in the prior yearFrom July 1, 2024 through November 4, 2024, opened two new builds and acquired one bowling location, five family entertainment centers and one water park. Total locations in operation as of November 4, 2024 is 3611“Total Location Revenue grew 17.5% year over year in the quarter as we outperformed the market driven by increased customer wallet share through heighte
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