Latest news with #LuckyStrikeEntertainment
Business Wire
10-07-2025
- Business
- Business Wire
Lucky Strike Entertainment Unlocks Long-Term Value with $306 Million Acquisition of Real Estate at 58 Existing Locations
RICHMOND, Va.--(BUSINESS WIRE)--Lucky Strike Entertainment (NYSE: LUCK), one of the world's premier Owner/Operators of location-based entertainment, has taken a major step forward in its long-term growth strategy with the acquisition of the real estate underlying 58 locations. Lucky Strike is the current operator of each location and will remain so following the close of the transaction. The $306 million acquisition transforms the Company's cost structure by reducing annual rent obligations and unlocking powerful financial and operational flexibility. Previously leased, these high-traffic locations generated approximately $80 million in annualized EBITDAR against $21 million in rent obligations (subject to 15% escalations every five years). By transitioning from renter to owner on existing Company venues, Lucky Strike captures immediate value, eliminates future lease inflation risk, and strengthens control over strategic assets in key markets. 'By acquiring the real estate underlying these 58 existing locations, we maximize our flexibility to optimize our capital structure and location footprint,' said Bobby Lavan, Chief Financial Officer. 'As we continue to make progress in our business, this transaction provides incremental opportunities to drive deleveraging in the short and medium term. The purchase price highlights the long-term attractiveness of the stable and growing cash flows of our individual locations. The transaction is immediately accretive to earnings and cash flow and positions us to continue reinvesting in our most profitable venues and initiatives.' The acquisition was financed through a $230 million bridge facility, availability under Lucky Strike's revolving credit line, and cash on hand. The transaction is expected to be deleveraging and demonstrates a disciplined capital deployment strategy with a focus on high-ROI outcomes that increase optionality. Spanning 16 states, the 58-property portfolio includes prime locations in California, Illinois, Georgia, Arizona, and Colorado—markets where the Company has a demonstrated track record of operational excellence and strong customer demand. Transitioning to full ownership of these properties enables Lucky Strike to further optimize its earnings base on a granular, market-by-market basis, while providing a foundation for long-term strategic growth and enhanced capital allocation. This transaction reflects Lucky Strike's continued momentum, strong balance sheet, and commitment to creating enduring value for its shareholders. About Lucky Strike Entertainment Lucky Strike Entertainment is one of the world's premier location-based entertainment platforms. With over 360 locations across North America, Lucky Strike Entertainment provides experiential offerings in bowling, amusements, water parks, and family entertainment centers. The Company also owns the Professional Bowlers Association, the major league of bowling and a growing media property that boasts millions of fans around the globe. For more information on Lucky Strike Entertainment, please visit
Yahoo
27-06-2025
- Business
- Yahoo
Lucky Strike Entertainment Corporation (LUCK): A Bear Case Theory
We came across a bearish thesis on Lucky Strike Entertainment Corporation on The Lion's Roar - Outside the Box Investments' Substack by Dominick D'Angelo. In this article, we will summarize the bears' thesis on LUCK. Lucky Strike Entertainment Corporation's share was trading at $9.48 as of June 24th. LUCK's trailing and forward P/E ratios were 24.12 and 63.29, respectively, according to Yahoo Finance. Pixabay/Public Domain Lucky Strike Entertainment (LUCK) continues to underwhelm investors, with Q3 results and operational trends highlighting significant underlying issues. The company pulled full-year guidance just two months before year-end, driven by weakness in its corporate events business and further confirmed by similar softness at TopGolf. Same-store sales were down 5.6% in the quarter, with January impacted by California wildfires and corporate pullbacks, February by macro uncertainty and weather, and March showing no rebound. Retail traffic was flat, leagues saw low single-digit growth, and the events business declined by double digits. Despite easier comps in Q3 and Q4, overall traffic fell ~8.5% YoY, undermining the viability of LUCK's high fixed-cost model. The F&B business, once a bright spot due to menu premiumization, is now losing steam, with beverage sales particularly weak. The bowling pricing tailwind is also fading as prior benefits are lapped, compounding pressure. Yet, there are early signs of management discipline: cost reductions are materializing (labor costs down 7.3% YoY), and capital allocation is shifting toward high-ROI projects and deleveraging instead of buybacks. The company's summer pass initiative shows some momentum, with 2025 sales likely reaching $11M, but it still accounts for less than 1% of revenue. While insider ownership and dividend mechanics provide liquidity flexibility, there's increasing pressure to cut the dividend to redirect capital to debt paydown. Without stabilization in same-store sales and improved traffic, LUCK may need to raise funds externally in 2026. The business remains fragile, with upside capped until core operations regain their footing. Previously, we covered a on Xponential Fitness, Inc. (XPOF) by Inflexio Research in February 2025, which highlighted the company's franchise-driven growth and turnaround strategy. The company's stock price has depreciated by approximately 2.68% since our coverage. This is because the thesis didn't play out as expected. Dominick D'Angelo shares a contrarian view in his bearish thesis on Lucky Strike Entertainment. Lucky Strike Entertainment Corporation is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 9 hedge fund portfolios held LUCK at the end of the first quarter, which was 16 in the previous quarter. While we acknowledge the risk and potential of LUCK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
25-06-2025
- Business
- Yahoo
Lucky Strike Entertainment Corporation (LUCK): A Bear Case Theory
We came across a bearish thesis on Lucky Strike Entertainment Corporation on The Lion's Roar - Outside the Box Investments' Substack by Dominick D'Angelo. In this article, we will summarize the bears' thesis on LUCK. Lucky Strike Entertainment Corporation's share was trading at $9.48 as of June 24th. LUCK's trailing and forward P/E ratios were 24.12 and 63.29, respectively, according to Yahoo Finance. Pixabay/Public Domain Lucky Strike Entertainment (LUCK) continues to underwhelm investors, with Q3 results and operational trends highlighting significant underlying issues. The company pulled full-year guidance just two months before year-end, driven by weakness in its corporate events business and further confirmed by similar softness at TopGolf. Same-store sales were down 5.6% in the quarter, with January impacted by California wildfires and corporate pullbacks, February by macro uncertainty and weather, and March showing no rebound. Retail traffic was flat, leagues saw low single-digit growth, and the events business declined by double digits. Despite easier comps in Q3 and Q4, overall traffic fell ~8.5% YoY, undermining the viability of LUCK's high fixed-cost model. The F&B business, once a bright spot due to menu premiumization, is now losing steam, with beverage sales particularly weak. The bowling pricing tailwind is also fading as prior benefits are lapped, compounding pressure. Yet, there are early signs of management discipline: cost reductions are materializing (labor costs down 7.3% YoY), and capital allocation is shifting toward high-ROI projects and deleveraging instead of buybacks. The company's summer pass initiative shows some momentum, with 2025 sales likely reaching $11M, but it still accounts for less than 1% of revenue. While insider ownership and dividend mechanics provide liquidity flexibility, there's increasing pressure to cut the dividend to redirect capital to debt paydown. Without stabilization in same-store sales and improved traffic, LUCK may need to raise funds externally in 2026. The business remains fragile, with upside capped until core operations regain their footing. Previously, we covered a on Xponential Fitness, Inc. (XPOF) by Inflexio Research in February 2025, which highlighted the company's franchise-driven growth and turnaround strategy. The company's stock price has depreciated by approximately 2.68% since our coverage. This is because the thesis didn't play out as expected. Dominick D'Angelo shares a contrarian view in his bearish thesis on Lucky Strike Entertainment. Lucky Strike Entertainment Corporation is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 9 hedge fund portfolios held LUCK at the end of the first quarter, which was 16 in the previous quarter. While we acknowledge the risk and potential of LUCK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.
Business Insider
25-06-2025
- Business
- Business Insider
Stifel Nicolaus Keeps Their Buy Rating on Lucky Strike Entertainment (LUCK)
In a report released yesterday, Steven Wieczynski from Stifel Nicolaus maintained a Buy rating on Lucky Strike Entertainment (LUCK – Research Report), with a price target of $12.00. The company's shares closed yesterday at $9.48. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Wieczynski covers the Consumer Cyclical sector, focusing on stocks such as Boyd Gaming, Royal Caribbean, and Norwegian Cruise Line. According to TipRanks, Wieczynski has an average return of 10.6% and a 49.38% success rate on recommended stocks. Lucky Strike Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $13.79. Based on Lucky Strike Entertainment's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $339.88 million and a net profit of $13.29 million. In comparison, last year the company earned a revenue of $337.67 million and had a net profit of $23.85 million Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LUCK in relation to earlier this year. Earlier this month, Robert M. Lavan, the CFO of LUCK bought 192.00 shares for a total of $1,733.76.
Business Wire
23-06-2025
- Business
- Business Wire
Lucky Strike Entertainment Appoints Industry Leaders Richard Born and Jason Harinstein to Board of Directors
RICHMOND, Va.--(BUSINESS WIRE)--Lucky Strike Entertainment (NYSE: LUCK), one of the world's premier Owner/ Operators of location-based entertainment, announced today the appointment of two esteemed executives to its Board of Directors: Richard Born, a pioneering force in hospitality-focused real estate, and Jason Harinstein, a recognized leader in finance, technology, and business strategy. Their appointments are effective June 23, 2025. These strategic additions bring a wealth of expertise in hospitality, real estate, finance, and technology to Lucky Strike's board, reinforcing the company's commitment to innovation, growth, and world-class guest experiences. Mr. Born will serve on the Nominating and Corporate Governance Committee of the Board, and Mr. Harinstein will join the Board's Audit and Compensation Committees. Mr. Born is widely regarded as one of the most influential developers in New York's boutique hotel landscape. As co-founder of BD Hotels, he has spent over 35 years transforming properties into cultural and hospitality landmarks. His portfolio includes interests in more than 25 hotels and 20 additional real estate holdings, and he remains actively involved in the management and operations of over half of these assets. His projects include iconic properties such as the Hotel Chelsea, the Bowery Hotel, the Mercer, and the Ludlow, which have redefined the guest experience and helped shape the hospitality scene in New York as well as other major markets. Mr. Born holds a medical doctorate from the New York University School of Medicine. Mr. Harinstein brings over two decades of executive leadership from some of the industry's most innovative and data-driven companies. He currently serves as Chief Financial Officer of Collectors Holdings Inc., a premier platform for authentication and digital marketplaces. Prior to that, he was the Chief Financial Officer of Flatiron Health, a healthcare technology company, and held senior roles at Google and Groupon, where he helped drive corporate strategy, and business development during key phases of expansion. Mr. Harinstein is also a member of the board of directors of Groupon and Funko. He holds a master's of business administration from the University of Chicago Booth School of Business. 'Richard and Jason are best-in-class leaders in their respective fields—each bringing a unique blend of operational insight, visionary thinking, and financial discipline,' said Thomas Shannon, Founder, Chairman, and CEO of Lucky Strike Entertainment. 'Their addition to our board reflects our commitment to assembling world-class talent to guide our continued growth, innovation, and long-term vision.' The appointments underscore Lucky Strike's continued investment in top-tier leadership as the company continues to expand its footprint and deepen its position as an industry leader. About Lucky Strike Entertainment Lucky Strike Entertainment is one of the world's premier location-based entertainment platforms. With over 360 locations across North America, Lucky Strike Entertainment provides experiential offerings in bowling, amusements, water parks, and family entertainment centers. The company also owns the Professional Bowlers Association, the major league of bowling and a growing media property that boasts millions of fans around the globe. For more information on Lucky Strike Entertainment, please visit
