BOWL unveils Lucky Strike Beverly Hills, showcasing the company's transformative vision for location-based experiences.
I maintain a buy rating on Bowlero Corp. due to strong growth initiatives and potential for 11% medium-term growth. Despite a modest 0.4% same-center sales growth, BOWL's revenue grew 14.4% y/y, with a 21% y/y growth in adj EBITDA, highlighting robust financial health. BOWL's strategic initiatives, including new F&B menu segments and innovative season passes, are driving growth and enhancing the customer experience.
BOWL's new Lucky Strike openings in Colorado highlight its commitment to growth and innovation in the entertainment industry.
| Entertainment Industry | Communication Services Sector | Thomas F. Shannon CEO | NYSE Exchange | 10258P102 CUSIP |
| US Country | 3,419 Employees | 6 Dec 2024 Last Dividend | - Last Split | - IPO Date |
Bowlero Corp., rooted in Mechanicsville, Virginia, distinguishes itself as a leading name in the leisure and entertainment industry, focusing primarily on bowling. The corporation operates a wide array of bowling entertainment centers across the United States, Mexico, and Canada, including under the well-known brand names of AMF, Bowlmor Lanes, and Bowlero. Beyond its vast presence in the recreational bowling space, Bowlero Corp. is strategically positioned as a subsidiary of Cobalt Recreation LLC, showcasing its significant footprint in the entertainment sector. The company's prowess is not only limited to providing leisure and entertainment but also extends to the professional sphere where it plays a crucial role in hosting and overseeing both professional and non-professional bowling tournaments, further amplifying its influence in the sports and entertainment industry.