Lucky Strike Entertainment Earnings Call Transcripts
Fiscal Year 2026
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Q3 2026 saw modest revenue growth and positive comps despite severe weather and macro shocks. Cost reductions and AI-driven efficiencies improved margins, while water parks and brand consolidation are set to drive future EBITDA and free cash flow.
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Positive same-store sales and revenue growth were driven by strong retail, leagues, and a turnaround in events. Strategic investments in marketing and labor boosted brand awareness and online revenue, while water park acquisitions and upgrades are set to drive future EBITDA growth.
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Revenue grew 12% and adjusted EBITDA rose 15% year-over-year, with strong retail, league, and F&B performance offsetting a decline in corporate events. Strategic acquisitions and rebranding are driving growth, while disciplined capital allocation and cost management support improved margins.
Fiscal Year 2025
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Q4 2025 revenue grew 6.1% to $301.2M, with adjusted EBITDA up to $88.7M. Major acquisitions and real estate purchases expanded the footprint, while guidance for FY 2026 projects 5–9% revenue growth and $375–$415M adjusted EBITDA.
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Q3 revenue grew 0.7% to $339.9M, but same-store sales fell 5.6% due to a sharp drop in corporate events, especially in California. Strong growth is expected in summer from water parks, season passes, and new builds, while cost controls and capital discipline remain priorities.
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Q2 2025 revenue declined 1.8% year-over-year to $300.1 million, with adjusted EBITDA at $98.8 million. Macroeconomic uncertainty and calendar shifts impacted corporate events, but retail and league businesses remained steady. Cost efficiencies and new center openings support confidence in meeting full-year EBITDA guidance.
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Revenue grew 17.5% year-over-year to $260M, with Adjusted EBITDA up 21% and margin expansion. Recent acquisitions and new builds are outperforming, while food and beverage initiatives are driving higher per-guest spend. FY25 guidance was raised and liquidity remains strong.
Fiscal Year 2024
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Q4 saw 6.9% same-store sales growth and 20% revenue growth, driven by season passes, new builds, and food and beverage innovation. FY25 guidance calls for mid-single to 10% total growth, with EBITDA margins of 32%-34% and no price increases assumed.