Lucky Strike Entertainment (LUCK) investor relations material

Executive summary

• Q1 FY27 revenue rose 3.5% to $302.644m; same-store revenue declined 2.6%, while net loss widened to $25.674m from $13.798m.

• Adjusted EBITDA was $72.103m versus $72.654m; September same-store comps turned positive after improving through the summer.

Financial highlights

• Amusement and other revenue increased 16% to $82.058m, food and beverage rose 2% to $98.531m, and bowling revenue fell 3% to $122.055m.

• Operating income was $28.236m, nearly unchanged YoY; net loss attributable to common stockholders was $28.174m, or $0.21 per share versus $0.12.

• Adjusted EBITDA margin was 23.8% versus 24.9%; comparable-center payroll hours fell 5%, labor costs declined $1m, and operating expenses fell $3m.

• Water parks generated $25m of EBITDA, up $9m YoY.

Outlook and guidance

• FY27 guidance was reaffirmed: revenue growth of 3%–5%, revenue of $1.280bn–$1.310bn and Adjusted EBITDA of $340m–$360m; capex is guided at $90m.

• Deleveraging is the FY27 priority, with roughly $100m of debt reduction targeted over the next year using free cash flow, asset-sale proceeds, lower capex and litigation spending.

• Fall recurring league revenue is expected to rise 3%–4%; October–December event bookings were tracking higher YoY, led by corporate events.

• Holiday event bookings remained positive, though the previously cited 10% increase moderated as consumer parties faced pressure.