Lucky Strike Entertainment Corp

For the period ended Dec 29, 2024. Filed Feb 5, 2025.

About 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.

Dec 29, 2024 · Filed Feb 5, 2025

LUCK$3.40-9.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations (unaudited)

Condensed Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

	Three Months Ended		Six Months Ended
	December 29,2024	December 31,2023	December 29,2024	December 31,2023
Revenues
Bowling	$138,967	$145,295	$261,170	$261,725
Food & beverage	110,902	111,192	198,941	186,105
Amusement & other	50,205	49,184	100,158	85,246
Total revenues	300,074	305,671	560,269	533,076
Costs and expenses
Location operating costs, excluding depreciation and amortization	82,694	78,837	168,922	152,210
Location payroll and benefit costs	70,876	77,742	138,312	140,796
Location food and beverage costs	23,225	23,920	43,755	40,605
Selling, general and administrative expenses, excluding depreciation and amortization	34,384	35,835	69,195	73,959
Depreciation and amortization	39,118	37,071	76,101	68,423
Loss on impairment and disposal of fixed assets, net	2,575	50	4,047	49
Other operating expense, net	329	2,739	118	2,201
Total costs and expenses	253,201	256,194	500,450	478,243
Operating income	46,873	49,477	59,819	54,833
Other (income) expenses
Interest expense, net	48,795	46,236	97,465	83,685
Change in fair value of earnout liability	(19,682)	64,091	(68,603)	23,409
Other expense	800	10	800	63
Total other expense	29,913	110,337	29,662	107,157
Income (loss) before income tax (benefit) expense	16,960	(60,860)	30,157	(52,324)
Income tax (benefit) expense	(11,347)	2,609	(21,245)	(7,074)
Net income (loss)	28,307	(63,469)	51,402	(45,250)
Series A preferred stock dividends	(2,240)	(1,963)	(4,454)	(3,925)
Earnings allocated to Series A preferred stock	(1,640)	—	(2,930)	—
Net income (loss) attributable to common stockholders	$24,427	$(65,432)	$44,018	$(49,175)
Net income (loss) per share attributable to Class A and B common stockholders
Basic	$0.17	$(0.44)	$0.30	$(0.32)
Diluted	$0.16	$(0.44)	$0.29	$(0.32)
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders
Basic	143,939,878	149,805,531	144,853,328	155,367,461
Diluted	152,957,223	149,805,531	154,228,643	155,367,461

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.