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Stock impact report

Pinstripes Reports Fiscal 2025 First Quarter Results And Updated Fiscal 2025 Guidance

Pinstripes Holdings, Inc. Class A (PNST) 
Company Research Source: Business Wire
18.9% Revenue growth year-over-year driven by new venue developmentSeventeen open venues with five additional locations in development as of September 4, 2024Secures $5 million in funding from existing lenders and upsized future loan NORTHBROOK, Ill.--(BUSINESS WIRE)--Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSE: PNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today reported its financial results for the fiscal quarter ended July 21, 2024.First Quarter Fiscal 2025 HighlightsTotal revenue increased 18.9% to $30.6 million, compared to the prior year fiscal quarterFood and beverage revenues increased 16.1% to $23.8 millionRecreation revenues increased 29.7% to $6.8 millionSame store sales decreased (2.4)% over the prior year periodOperating loss was $7.6 million, including pre-opening expenses of $1.0 million, or (24.9)% of total revenue, compared to operating loss of $0.9 million, includin Show less Read more
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