Bowlero Corp
For the period ended Sep 29, 2024. Filed Nov 4, 2024.
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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.
Sep 29, 2024 · Filed Nov 4, 2024
LUCK$3.76-1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (unaudited)
Condensed Consolidated Statements of Operations
(Amounts in thousands, except share and per share amounts)
| Three Months Ended | ||
|---|---|---|
| September 29,2024 | October 1,2023 | |
| Revenues | ||
| Bowling | $122,203 | $116,430 |
| Food & beverage | 88,039 | 74,913 |
| Amusement & other | 49,953 | 36,062 |
| Total revenues | 260,195 | 227,405 |
| Costs and expenses | ||
| Location operating costs, excluding depreciation and amortization | 86,228 | 73,373 |
| Location payroll and benefit costs | 67,436 | 63,054 |
| Location food and beverage costs | 20,530 | 16,685 |
| Selling, general and administrative expenses, excluding depreciation and amortization | 34,811 | 38,124 |
| Depreciation and amortization | 36,983 | 31,352 |
| Loss (gain) on impairment and disposal of fixed assets, net | 1,472 | (1) |
| Other operating income, net | (211) | (538) |
| Total costs and expenses | 247,249 | 222,049 |
| Operating income | 12,946 | 5,356 |
| Other (income) expenses | ||
| Interest expense, net | 48,670 | 37,449 |
| Change in fair value of earnout liability | (48,921) | (40,682) |
| Other expense | — | 53 |
| Total other income | (251) | (3,180) |
| Income before income tax benefit | 13,197 | 8,536 |
| Income tax benefit | (9,898) | (9,683) |
| Net income | 23,095 | 18,219 |
| Series A preferred stock dividends | (2,214) | (1,962) |
| Earnings allocated to Series A preferred stock | (1,293) | (1,049) |
| Net income attributable to common stockholders | $19,588 | $15,208 |
| Net income per share attributable to Class A and B common stockholders | ||
| Basic | $0.13 | $0.09 |
| Diluted | $0.13 | $0.09 |
| Weighted-average shares used in computing net income per share attributable to common stockholders | ||
| Basic | 145,766,779 | 160,929,391 |
| Diluted | 154,957,384 | 168,903,508 |
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