Bowlero Corp
For the period ended Mar 31, 2024. Filed May 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
LUCK$3.40-9.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (unaudited)
Condensed Consolidated Statements of Operations
(Amounts in thousands, except share and per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| March 31,2024 | April 2,2023 | March 31,2024 | April 2,2023 | |
| Revenues | $337,670 | $315,725 | $870,746 | $819,370 |
| Costs of revenues | 225,894 | 189,304 | 623,905 | 534,212 |
| Gross profit | 111,776 | 126,421 | 246,841 | 285,158 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 39,488 | 35,891 | 114,765 | 102,837 |
| Asset impairment | 354 | 489 | 409 | 573 |
| Loss (gain) on sale of assets | 657 | (192) | 651 | (2,170) |
| Other operating expense | 265 | 649 | 5,171 | 2,625 |
| Total operating expense | 40,764 | 36,837 | 120,996 | 103,865 |
| Operating profit | 71,012 | 89,584 | 125,845 | 181,293 |
| Other expenses: | ||||
| Interest expense, net | 46,890 | 29,117 | 130,575 | 80,066 |
| Change in fair value of earnout liability | (8,868) | 87,222 | 14,541 | 158,758 |
| Other expense | 3 | 5,986 | 66 | 5,356 |
| Total other expense | 38,025 | 122,325 | 145,182 | 244,180 |
| Income (loss) before income tax expense (benefit) | 32,987 | (32,741) | (19,337) | (62,887) |
| Income tax expense (benefit) | 9,141 | (668) | 2,067 | 1,285 |
| Net income (loss) | 23,846 | (32,073) | (21,404) | (64,172) |
| Series A preferred stock dividends | (2,353) | (4,401) | (6,278) | (10,004) |
| Earnings allocated to Series A preferred stock | (1,430) | — | — | — |
| Net income (loss) attributable to common stockholders | $20,063 | $(36,474) | $(27,682) | $(74,176) |
| Net income (loss) per share attributable to Class A and B common stockholders | ||||
| Basic | $0.14 | $(0.22) | $(0.18) | $(0.45) |
| Diluted | $0.13 | $(0.22) | $(0.18) | $(0.45) |
| Weighted-average shares used in computing net income (loss) per share attributable to common stockholders | ||||
| Basic | 148,102,841 | 165,698,500 | 152,945,921 | 163,676,194 |
| Diluted | 157,874,876 | 165,698,500 | 152,945,921 | 163,676,194 |
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