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Lucky Strike Entertainment Corporation: Update to credit analysis

Our credit view of Lucky Strike reflects its high financial leverage and concentration in discretionary entertainment, partially offset by a good market position and US diversification.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

 PRESS RELEASE

Bowlero Corp. to Present at the Jefferies Consumer Conference

Bowlero Corp. to Present at the Jefferies Consumer Conference RICHMOND, Va., June 21, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE:BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, as well as the owner of the Professional Bowlers Association (PBA), today announced that management will present virtually at the Jefferies Consumer Conference on June 21-22, 2022. A replay of the presentation will be available on the Bowlero Investor Relations website at under “Events & Presentations.”About Bowlero Corp.Bowlero Corp. is the worldwide leader in bow...

 PRESS RELEASE

Bowlero Corp Acquires Bowling Centers in Florida and Colorado

Bowlero Corp Acquires Bowling Centers in Florida and Colorado Bowlero Corp expands in Tampa and Denver metros RICHMOND, Va., May 31, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, as well as the owner of the Professional Bowlers Association (PBA), announced today that it has acquired two additional bowling centers – Manatee Lanes in metro Tampa, FL and Fat Cats in Westminster, CO. On the East Coast, Manatee Lanes is located in metro Tampa suburb, Crystal River. This center features 30 lanes and an interact...

 PRESS RELEASE

Bowlero Corp Announces Agreement to Acquire Three Bowling Centers in W...

Bowlero Corp Announces Agreement to Acquire Three Bowling Centers in Wichita, Kansas Bowlero Corp to expand in the state of Kansas NEW YORK, May 23, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, as well as the owner of the Professional Bowlers Association (PBA), announced today that it had entered into an agreement to acquire three bowling centers in Wichita, Kansas - Northrock Lanes, West Acres Bowling Center and The Alley Indoor Entertainment, expanding the company's footprint in the state to four locati...

 PRESS RELEASE

Bowlero Corp. Completes Redemption of All Outstanding Warrants and Pro...

Bowlero Corp. Completes Redemption of All Outstanding Warrants and Provides an Update on its Share Repurchase Program As of 5:00 PM New York City time on May 18, 2022, all outstanding publicly and privately held warrants have been exercised or redeemed.2,040 warrants were exercised for cash and 14,524,679 warrants were exercised on a cashless basis.4,264,399 Class A Shares were issued for the cashless exercise; however, on a fully diluted basis, at a share price of $20, the share count would now be lower by approximately 2 million shares.Following the end of Q3 FY ’22 and through May 11, 20...

 PRESS RELEASE

Bowlero Corp. Announces Outstanding Results for the Third Quarter of F...

Bowlero Corp. Announces Outstanding Results for the Third Quarter of Fiscal Year 2022 Revenue totaled nearly $258 million, growing $145.6 million or 129.8% year over year, $52.8 million or 25.8% relative to pre-pandemic performance, and $24.1 million or 12.2% on a same-store basis vs. pre-pandemic.1 Revenue trends accelerated through the week ended April 24, 2022 (see chart below).Net Loss for the quarter of $18.0 million was driven primarily by $66.6 million of non-cash expenses related to the increase in the value of earnouts and warrants, as well as $3.4 million of transactional expenses...

 PRESS RELEASE

Bowlero Corp. to Report Financial Results for the Third Quarter of Fis...

Bowlero Corp. to Report Financial Results for the Third Quarter of Fiscal Year 2022 RICHMOND, Va., May 02, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, will report financial results for the third quarter of fiscal year 2022 on Wednesday May 11, 2022 after the market closes. Listeners may access an investor webcast hosted by Bowlero. The webcast and results presentation will be accessible Wednesday May 11, 2022 at 5:30 PM ET in the Events & Presentations section of the Bowlero Investor Relation...

 PRESS RELEASE

Bowlero Corp. Announces “Redemption Fair Market Value” in Connection w...

Bowlero Corp. Announces “Redemption Fair Market Value” in Connection with Previously Announced Warrant Redemption RICHMOND, Va., April 27, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE:BOWL) (“Bowlero”) today announced the “Redemption Fair Market Value” in connection with its upcoming redemption of all outstanding warrants to purchase shares of Bowlero’s Class A common stock, par value $0.0001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated March 2, 2021 (the “Warrant Agreement”), by and between the Bowlero and Continental Stock Transfer & Trust Company ...

 PRESS RELEASE

Bowlero Corp. Announces Redemption of All Outstanding Warrants

Bowlero Corp. Announces Redemption of All Outstanding Warrants RICHMOND, Va., April 14, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE:BOWL) (“Bowlero”) today announced that it will redeem all of its publicly traded and privately held warrants to purchase shares of Bowlero’s Class A common stock, par value $0.0001 per share (the “Common Stock”), that remain outstanding at 5:00 p.m. New York City time on May 16, 2022 (the “Redemption Date”), for a redemption price of $0.10 per warrant (the “Redemption Price”). Bowlero has directed its warrant agent, Continental Stock Transfer & Trust Compan...

 PRESS RELEASE

Bowlero Corp. to Participate in NobleCon18 – Noble Capital Markets’ Ei...

Bowlero Corp. to Participate in NobleCon18 – Noble Capital Markets’ Eighteenth Annual Investor Conference RICHMOND, Va., April 12, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE: BOWL) (“Bowlero”), the worldwide leader in bowling entertainment, today announced that Tom Shannon, Founder, Chairman and CEO, will be presenting at NobleCon18 - Noble Capital Markets’ Eighteenth Annual Investor Conference at the Hard Rock Hotel & Casino, Hollywood, Florida on April 20th – April 21st. Admission is free for investors at any level, institutional through self-directed novices. Registration is now ope...

 PRESS RELEASE

Bowlero Corp. to Participate in IPO Edge “Going-Public Boot Camp” Tomo...

Bowlero Corp. to Participate in IPO Edge “Going-Public Boot Camp” Tomorrow (Mar 29) RICHMOND, Va., March 28, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE: BOWL) (“Bowlero”) today announced that Brett Parker, President and Chief Financial Officer, will participate in the ” tomorrow (March 29), 2-3:30pm EDT. Other firms participating in the event include: SES AI Corp.; Nasdaq, Inc.; Vinson & Elkins LLP; Stifel; Gallagher; GTS; Morrow Sodali; ICR Inc. . About Bowlero Corp. Bowlero Corp. is the worldwide leader in bowling entertainment. With more than 300 bowling centers across No...

 PRESS RELEASE

Noble Capital Markets Initiates on Bowlero Corp. with an Out-Perform R...

Noble Capital Markets Initiates on Bowlero Corp. with an Out-Perform Rating and a Price Target of $14.50 RICHMOND, Va., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE: BOWL), the world’s largest owner and operator of bowling centers, is pleased to announce that Noble Capital Markets has initiated equity research coverage on the Company. The full report by Noble Capital Markets Senior Research Analyst Michael Kupinski, as well as news and advanced market data on Bowlero Corp. is available on Additionally, Bowlero participated in Noble Capital Markets’ C-Suite Interview Series, pre...

 PRESS RELEASE

Bowlero Corp. Announces Strong Financial Results for the Second Quarte...

Bowlero Corp. Announces Strong Financial Results for the Second Quarter of Fiscal Year 2022 Significant growth in Revenue, totaling over $200 million, grew 177.3% year over year and 11% relative to pre-pandemic performance; 1.6% on a same-store basis vs. pre-pandemic levels.Net Loss for the Quarter of $34.5 million was driven primarily by expenses related to the successful de-SPAC transaction, which include $29.1 million in transactional expenses and $42.2 million in share based compensation, partially offset by $22.5 million in income related to the change in the fair value of earnouts and...

 PRESS RELEASE

Bowlero Corp. Announces $200 million Share and Warrant Repurchase Prog...

Bowlero Corp. Announces $200 million Share and Warrant Repurchase Program RICHMOND, Va., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today announced that its board of directors has approved a repurchase program for up to $200 million of its outstanding shares of Class A common stock and warrants through February 3, 2024. Bowlero plans to repurchase its shares or warrants either in the open market or through privately negotiated transactions. “The authorization to buy back up to $200 ...

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