Lucky Strike Entertainment Earnings Call Transcripts
Fiscal Year 2026
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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. Food and beverage sales surged, new builds and acquisitions outperformed, and guidance was raised. Margin gains and strong event bookings are expected in the coming quarters.
Fiscal Year 2024
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Q4 FY24 saw 20% revenue growth and 6.9% same-store sales gains, with adjusted EBITDA up 29% year-over-year. FY25 guidance calls for mid-single to 10% total growth, 32%-34% EBITDA margins, and continued expansion through new builds and selective M&A.