Bowlero Corp. (BOWL) Reports In-Line Q3 EPS
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Bowlero Corp. Announces Record-Breaking Results for the Third Quarter of Fiscal Year 2023
May 17, 2023 4:05 PM EDTRevenue was a record-breaking $316 million in the third quarter, growing $58 million, or 22%, year-over-year, and $111 million, or 54%, relative to the corresponding pre-pandemic period.1 Same-store revenue2 increased $43 million, or 17%, year-over-year, and grew $54 million, or 30%, vs. the comparable pre-pandemic period. Net Loss was $32 million in the third quarter, a $14 million, or 78%, greater loss vs. the prior year's quarter, and a $60 million, or 217%, greater loss relative to the pre-pandemic period. Net loss for the quarter was driven by the $87 million non-cash expense related to the revaluation of the earnout shares. Adjusted for this non-cash expense, Adjusted Net Income was... More
