Stock Track | Bowlero Stock Soars on Robust Fiscal 2024 Results and Upbeat Outlook

Stock Track

Sep 06, 2024

Shares of Bowlero Corp. (NYSE: BOWL), the premier operator of location-based entertainment venues, surged 9.55% in after-hours trading on September 5, 2024, following the release of its fiscal fourth-quarter and full-year 2024 financial results.

The company reported strong revenue growth for the quarter and fiscal year. Quarterly revenue reached $283.9 million, beating analysts' estimates of $274.4 million and representing an 18.6% increase compared to the same period last year. Full-year revenue grew 9.1% year-over-year to $1.15 billion, driven by the company's expansion efforts and robust consumer demand.

Bowlero's profitability also showed significant improvement. While the fourth-quarter adjusted EBITDA of $83.4 million narrowly missed estimates, the full-year adjusted EBITDA of $361.5 million represented a solid increase over the prior year, reflecting the company's focus on operational efficiencies and cost management.

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(NYSE: BOWL), the premier operator of location-based entertainment venues, surged 9.55% in after-hours trading on September 5, 2024, following the release of its fiscal fourth-quarter and full-year 2024 financial results.</p>\n\n<p>The company reported strong revenue growth for the quarter and fiscal year. Quarterly revenue reached $283.9 million, beating analysts' estimates of $274.4 million and representing an 18.6% increase compared to the same period last year. Full-year revenue grew 9.1% year-over-year to $1.15 billion, driven by the company's expansion efforts and robust consumer demand.</p>\n\n<p>Bowlero's profitability also showed significant improvement. While the fourth-quarter adjusted EBITDA of $83.4 million narrowly missed estimates, the full-year adjusted EBITDA of $361.5 million represented a solid increase over the prior year, reflecting the company's focus on operational efficiencies and cost management.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1127776037","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127776037","pubTimestamp":1725568346,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Bowlero Corp. , the premier operator of location-based entertainment venues, surged 9.55% in after-hours trading on September 5, 2024, following the release of its fiscal fourth-quarter and full-year 2024 financial results.The company reported strong revenue growth for the quarter and fiscal year. 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