Lucky Strike Entertainment Q1 revenue beats estimates; suspends dividend to cut debt
LUCK•Lucky Strike Entertainment’s fiscal first-quarter revenue rose 3.5% to $302.64 million, beating the $298.57 million analyst estimate, while same-store revenue fell 2.6%. The company suspended its quarterly dividend to focus on debt reduction and reaffirmed fiscal 2027 revenue guidance of $1.28 billion to $1.31 billion.
1. Revenue and same-store sales
Fiscal first-quarter revenue rose 3.5% to $302.64 million, above the $298.57 million analyst consensus. Same-store revenue fell 2.6%, with declines in retail bowling and alcohol sales.
2. Dividend and outlook
Lucky Strike suspended its quarterly dividend to focus on debt reduction. It reaffirmed fiscal 2027 revenue guidance of $1.28 billion to $1.31 billion and expects adjusted EBITDA of $340 million to $360 million, with capital expenditures of about $90 million.
3. Growth drivers
The company said revenue growth was helped by the first full summer with two new water parks. Events, leagues, food and non-alcoholic beverages grew, and events matched or exceeded last year for six consecutive months.
