Lucky Strike Entertainment (LUCK) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 revenue reached $1.245 billion, growing at a 9% CAGR since FY19, with a same-store sales comp of -0.2% and the best comp since 2023.

• Adjusted EBITDA for FY26 was $333.2 million (26.8% margin), down from $367.7 million (30.6% margin) in FY25, reflecting investments in marketing, water parks, technology, and leadership.

• Portfolio expanded to 366 operating locations as of August 2026, with six new sites added and five closed; rebranding initiative is 73% complete.

• June 2026 saw a temporary revenue dip due to the World Cup and NBA Finals, but trends rebounded in August.

• Waterparks and Boomers segments delivered strong operational improvement and EBITDA growth, with higher per-capita spending and profitability.

Financial highlights

• FY26 total revenue was $1,245M, up from $1,201M in FY25; same-store revenue grew 3.7% year-over-year.

• Retail bowling and shoe revenue comps were +2.9%; leagues grew +3.6% and accelerated in the last four months.

• Water parks generated $56 million in revenue and $22 million in EBITDA on a trailing 12-month basis through July, up from $23 million and $11 million in FY25.

• Capital expenditures declined to $114 million in FY26, down 20% from FY25 and 42% from FY24.

• Net cash from operations for the year was $103.9 million, down from $177.2 million in the prior year.

Outlook and guidance

• Fiscal 2027 guidance: total revenue growth of 3–5% ($1,280M–$1,310M), adjusted EBITDA $340M–$360M, and comps expected at +1% to +3%.

• FY27 capex guidance is $90 million, continuing the downward trend.

• December quarter is a key focus, with events backlog tracking up 10% year-over-year.

• Board declared a quarterly cash dividend of $0.06 per share for Q1 FY27.

• Long-term EBITDA margin target remains above 30%, supported by maturing new assets.