Latest news with #SummerSeasonPass
Yahoo
23-05-2025
- Entertainment
- Yahoo
Weekly Recap: 15 Consumer Press Releases You Need to See
A roundup of the most newsworthy consumer and retail announcements from PR Newswire this week, including an auction and exhibition of iconic rock and roll gear, new dairy-free summer treats, and a summer season pass to Dave and Buster's. NEW YORK, May 23, 2025 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help consumer/retail journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. Mob Entertainment Signs Multi-Year Licensing Deal with Toy Giant McFarlane, Bringing Poppy Playtime Toys and Collectibles to Fans WorldwideThe collaboration will see McFarlane Toys bring Poppy Playtime's eerie yet beloved characters to life with an extensive range of products, including plushies, action figures, dioramas, prop replicas, and more. PepsiCo Completes Acquisition of poppi, Accelerating Strategic Portfolio Transformation This acquisition marks a significant step in PepsiCo's ongoing transformation of its portfolio, reinforcing its commitment to meeting evolving consumer preferences for great-tasting, functional products. Electrolit Drops into Tony Hawk's™ Pro Skater™ 3 + 4 with a Steezy Sponsorship, with Bold In-Game Integrations, Sweepstakes, and More To usher in the launch of the videogame, Electrolit will roll out a retail sweepstakes in the U.S. from May 19, 2025, to August 31, 2025. Gamers who visit participating retailers, including Kroger, Meijer, Albertsons, 7-Eleven, Target, Walmart, and more, will have the opportunity to unlock an exclusive Create-A-Skater item when the game officially launches on July 11, 2025, and win real-life Electrolit swag inspired by the game. Royal Canin Announces Partnership with Raising the Perfect Pet, Collaboration with Martha Stewart Founded by Ari Katz, AKC Breeder of Merit and founder of AK Labradors, in collaboration with long-time animal lover Martha Stewart, Raising the Perfect Pet stems from a passion for excellence in animal care. World-renowned entrepreneur, lifestyle authority and bestselling author, Martha brings extensive experience in elevating the everyday, including selecting nutritious diets developed by veterinarians for her four dogs. Dave & Buster's Launches First-Ever Summer Season Pass with Unlimited Game Play and Exclusive Perks All Season Long The Summer Season Pass is your all-access ticket to unlimited game play on Dave & Buster's hottest new games, including 10 epic additions like Top Gun Maverick, UFC Challenge, Godzilla VR, NBA Superstars, Cyberpunk, and more. As summer break kicks off and temperatures rise, it's the ultimate, budget-friendly way to keep the whole family cool, entertained, and coming back for nonstop fun all season long. So Delicious Dairy Free Invites You to Dairy Free Your Mind™ with Multi-Sensory Experiences This Summer - From the Freezer Aisle to LollapaloozaWith a new brand identity and a lineup of next-level flavors and frozen novelties to ignite your senses, So Delicious is entering a new era and showing up as this summer's hottest frozen experience, transforming dated perceptions about dairy-free to bring consumers into a new world of delicious possibilities. Disney and Formula 1® Unveil Collaboration with Disney's Mickey & Friends Launching in 2026 The new relationship is turbocharged by the two brands' shared affinity for creativity, entertainment, and innovation, to bring fans together around the globe through unforgettable and one-of-a-kind experiences. More information will be shared on the activity in the coming months. Más+ by Messi® Introduces "Trick Shot Challenge" Giving Fans Nationwide "One Shot" to Meet the Soccer StarWant to meet Messi? Here's your shot. Más+ by Messi®, the Lionel Messi-founded hydration beverage, has kicked off its first-ever "Trick Shot Challenge". The competition celebrates the brand's nationwide debut and invites fans to submit their best trick shot on Instagram and Tik-Tok for a chance to meet Messi. "Best of Spring & Summer 2025 Influencer Choice List" Unveiled by The Toy Association™ & Powered by Clamour From road trip-ready games to screen-free boredom busters and toys perfect for backyard adventures, 24 of the season's most buzzworthy toys and games were unveiled this week. Hundreds of leading digital content creators and influencers in the Clamour network were invited to vote on products submitted by toy brands this spring. Julien's Auctions Announces Blockbuster "Music Icons" Auction Live from Hard Rock Cafe Times SquareThe auction will offer over 700 lots of stage-played instruments, iconic performance fashion, handwritten lyrics, and personal relics from the most legendary names in music, including Kurt Cobain, Eric Clapton, David Bowie, Nirvana, U2, Elvis Presley, Taylor Swift, Freddie Mercury, and The Beatles. Julien's will host a free public exhibition of the collection at Hard Rock Cafe New York from May 21–31, open daily from 10:00 a.m. to 11:00 p.m. ET. Summer Seats and Where to Eat: OpenTable Reveals the Season's Outdoor Dining Capitals and Their Must-Visit Restaurants For many parts of the country, the arrival of the summer season means it's time to dine outdoors. New research from OpenTable shows that over half of Americans (55%) prefer sitting outdoors to dine when the weather is nice and a dedicated third (34%) would rather brave unexpected weather than surrender their open-air table. The OREO Brand and Global Artist Selena Gomez Dream Up an Iconic New OREO Cookie by Selena, for Selenators Selena worked closely with the OREO brand to develop a one-of-a-kind sweet-and-spiced flavor combo. Inspired by her love of horchata, the cookies include a layer of chocolate & cinnamon flavor creme atop a layer of sweetened condensed milk flavor creme with cinnamon sugar inclusions, all sandwiched between two chocolate cinnamon flavored wafers. BEYBLADE X World Championship Takes Over Walmart Stores as Fans Battle for the Ultimate Ticket to Tokyo and a Spot in the Final Tournament At each tournament, bladers will use tops from Hasbro's BEYBLADE X toy line to compete against fellow Bey-fans for a chance to qualify for the final World Championship tournament - an epic two-day battle at Tokyo Tower on Saturday, Oct. 11, 2025, and Sunday, Oct. 12, 2025. One champion from each participating country will earn a spot at the final World Championship battle that will take place in Japan, the birthplace of the BEYBLADE phenomenon. Schwarzkopf Unveils New "Chapters of Change" Brand Campaign featuring Global Ambassadors Sofia Vergara & Chris Appleton The campaign celebrates the transformative power of hair color as a reflection of life's defining moments—empowering individuals to embrace self-expression, reclaim their identity, and confidently own their personal hair stories. Dolly Parton Serves Up Southern-Inspired Comfort Food with New Line of Single-Serve Frozen Meals These meals are crafted to deliver the authentic flavors of Southern cuisine, reflecting Dolly's commitment to quality and taste. Each meal has a suggested retail price of $4.49 and can be prepared in either the microwave or oven. "I've always believed in the power of a warm, hearty meal, and now with these offerings I'm bringing a little taste of my own Southern favorites to you," said Dolly Parton. For more news like this, check out all of the latest retail-related releases from PR Newswire. Do you have a retail press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at View original content to download multimedia: SOURCE PR Newswire Sign in to access your portfolio
Yahoo
19-05-2025
- Entertainment
- Yahoo
Dave & Buster's Launches First-Ever Summer Season Pass with Unlimited Game Play and Exclusive Perks All Season Long
New pass unlocks daily unlimited game play, exclusive food and drink discounts, and access to all-new games for nonstop summer fun DALLAS, May 19, 2025 /PRNewswire/ -- This summer, Dave & Buster's is leveling up the fun with the launch of its first-ever Summer Season Pass, giving guests a new way to play all day, every day. Available starting May 19 through September 1, the Summer Season Pass unlocks unlimited video game play, daily food and beverage discounts, access to new exclusive games and exciting prizes up for grabs. The Summer Season Pass is your all-access ticket to unlimited game play on Dave & Buster's hottest new games, including 10 epic additions like Top Gun Maverick, UFC Challenge, Godzilla VR, NBA Superstars, Cyberpunk, and more. As summer break kicks off and temperatures rise, it's the ultimate, budget-friendly way to keep the whole family cool, entertained, and coming back for nonstop fun all season long. Three pass tiers are available to meet every guest's needs: Silver: Unlimited weekday game play + 10% off food and non-alcoholic drinks – all for $69.99 ($500+ Value) Gold: Unlimited daily game play + 20% off food and non-alcoholic drinks + earn up to 1,000 tickets each week - all for $99.99 ($700+ Value) Platinum: Unlimited daily game play (no blackout dates) + 30% off food and non-alcoholic drinks + earn up to 2,000 tickets each week – all for $149.99 ($800+ Value) The pass also unlocks daily discounts on Dave & Buster's chef-crafted menu which includes delicious, craveable dishes perfect for refueling between games. Guests can also enjoy a variety of craft cocktails and ice-cold drinks, making it the ultimate destination for all-in-one summer fun for the whole family. "At Dave & Buster's, we're always looking for ways to level up the guest experience, and the Summer Season Pass does just that," said Megan Tobin, Chief Marketing Officer of Dave & Buster's. "With affordable unlimited game play, access to our exciting new lineup of games, and unbeatable food and drink options all under one roof, it's the ultimate way to make the most of summer—and just the beginning of what we have in store for our guests this Summer." The Summer Season Pass is available at participating Dave & Buster's locations across the U.S. and can be purchased online, through the D&B Rewards App, in-store at kiosks, or with a Team Member. Passes are valid until September 1, 2025. Level up your summer with unlimited play, daily savings, and nonstop thrills – only at Dave & Buster's. For more information and to purchase your Summer Season Pass, visit About Dave & Buster'sFounded in 1982 and headquartered in Coppell, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 235 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster's and Main Event. The Company has 174 Dave & Buster's branded stores in 43 states, Puerto Rico, and Canada and offers guests the opportunity to "Eat Drink Play and Watch," all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 61 Main Event branded stores in 21 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. For more information about each brand, visit and CONTACT: dandb@ View original content to download multimedia: SOURCE Dave & Buster's
Business Wire
13-05-2025
- Sport
- Business Wire
Lucky Strike Entertainment Launches 2025 Summer Season Pass
RICHMOND, Va.--(BUSINESS WIRE)--Lucky Strike Entertainment (NYSE: LUCK), one of the world's premier operators of location-based entertainment, announced the return of their popular Summer Season Pass, offering guests two free games of bowling every day at hundreds of locations nationwide from May 13 through September 1, 2025. The program is available in two tiers, Basic and Premium, offering an unbeatable value for families and friends all summer long. Basic Summer Season Pass Includes: 2 games of bowling every day Shoe rental Valid at the location where purchased Premium Summer Season Pass Includes: 2 games of bowling every day Shoe rental $5 arcade card reload every visit 15% off food and non-alcoholic beverages Access to all participating Lucky Strike, Bowlero, and AMF locations nationwide Whether you're looking to keep the kids entertained or have an exciting night out with friends, the Summer Season Pass offers unmatched convenience and fun. 'We're excited to offer a program that offers our customers a great value while bringing them together to create lasting memories every day of the summer at our amazing venues. It's the perfect way to keep the fun going all summer long,' said Lucky Strike Entertainment President Lev Ekster. The Summer Season Pass is available now at 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
Business Wire
08-05-2025
- Business
- Business Wire
Lucky Strike Entertainment Reports Third Quarter Results for Fiscal Year 2025
RICHMOND, Va.--(BUSINESS WIRE)--Lucky Strike Entertainment (NYSE: LUCK), one of the world's premier operators of location-based entertainment, today provided financial results for the third quarter of the 2025 Fiscal Year, which ended on March 30, 2025. Quarter Highlights: Total revenue increased 0.7% to $339.9 million from $337.7 million in the previous year Same Store Revenue decreased 5.6% versus the prior year Net income of $13.3 million versus prior year net income of $23.8 million Adjusted EBITDA of $117.3 million versus $122.8 million in the prior year From December 30, 2024 through May 8, 2025, we acquired one family entertainment center and one water park. Total locations in operation as of May 8, 2025 is 367 Continued progress on Lucky Strike rebrand initiative with 34 current Lucky Strike locations 'In the quarter, our Retail and Leagues businesses remained stable, Food sales grew by high single digits, while our Corporate Events business declined as we navigate a period of corporate austerity. The softness in Corporate Events was most pronounced in tech-aligned markets, with California and Seattle accounting for the majority of the underperformance. We have seen encouraging signs of strength, with the Boston, New Jersey and Miami markets recently posting positive comps.,' said Founder, Chairman, and CEO Thomas Shannon. 'As we head into summer, we are energized by the momentum of our Summer Season Pass program, which will drive increased traffic to our locations. Sales of the pass are already over 200% higher than this time last year, reflecting the consumers' desire for high-value entertainment in their local markets. We're also entering the season with three water parks, including our recent acquisition of Shipwreck Island in Panama City Beach, Florida. Together with the contributions from the seven family entertainment centers we acquired this year, we expect to benefit from greater scale during the typically slower summer months.' 'In light of ongoing macroeconomic uncertainty, we are maintaining a disciplined approach to expense management and continuing to prioritize only high-return capital investments. Capital expenditures are down 20% year-to-date, and we anticipate this trend will continue into next year,' said Bobby Lavan, Chief Financial Officer. Share Repurchase and Capital Return Program Update From December 30, 2024 through May 5, 2025, the Company repurchased 4.5 million shares of Class A common stock for approximately $47 million. The Company has $92 million currently remaining under the share repurchase program. The Board of Directors declared a quarterly cash dividend of $0.055 per share of common stock for the fourth quarter of fiscal year 2025. The dividend will be payable on June 6, 2025, to stockholders of record on May 23, 2025. Guidance Due to increasing economic uncertainty, the Company will not be issuing guidance at this time. We intend to reassess our approach to forward-looking guidance later in the year. "Although the outlook remains uncertain, we are confident in the Company's resiliency and our ability to drive revenue growth through strategic initiatives, targeted capital investments, and selective acquisitions," said Bobby Lavan. Investor Webcast Information Listeners may access an investor webcast hosted by Lucky Strike Entertainment. The webcast and results presentation will be accessible at 9:00 AM ET on May 8, 2025 in the Events & Presentations section of the Lucky Strike Entertainment Investor Relations website at 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 Forward Looking Statements Some of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risk, assumptions and uncertainties, such as statements of our plans, objectives, expectations, intentions and forecasts. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," 'confident,' 'continue,' "could," "estimate," "expect," "intend," 'likely,' "may," "plan," 'possible,' "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this release and are based on our management's current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to: our ability to design and execute our business strategy; changes in consumer preferences and buying patterns; our ability to compete in our markets; the occurrence of unfavorable publicity; risks associated with long-term non-cancellable leases for our locations; our ability to retain key managers; risks associated with our substantial indebtedness and limitations on future sources of liquidity; our ability to carry out our expansion plans; our ability to successfully defend litigation brought against us; our ability to adequately obtain, maintain, protect and enforce our intellectual property and proprietary rights and claims of intellectual property and proprietary right infringement, misappropriation or other violation by competitors and third parties; failure to hire and retain qualified employees and personnel; the cost and availability of commodities and other products we need to operate our business; cybersecurity breaches, cyber-attacks and other interruptions to our and our third-party service providers' technological and physical infrastructures; catastrophic events, including war, terrorism and other conflicts; public health emergencies and pandemics, such as the COVID-19 pandemic, or natural catastrophes and accidents; changes in the regulatory atmosphere and related private sector initiatives; fluctuations in our operating results; economic conditions, including the impact of increasing interest rates, inflation and recession; and other factors described under the section titled 'Risk Factors' in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the 'SEC') by the Company on September 5, 2024, as well as other filings that the Company will make, or has made, with the SEC, such as Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. Non-GAAP Financial Measures To provide investors with information in addition to our results as determined under Generally Accepted Accounting Principles ('GAAP'), we disclose Revenue Excluding Service Fee Revenue, Total Location Revenue, Same Store Revenue and Adjusted EBITDA as 'non-GAAP measures', which management believes provide useful information to investors because each measure assists both investors and management in analyzing and benchmarking the performance and value of our business. Accordingly, management believes that these measurements are useful for comparing general operating performance from period to period, and management relies on these measures for planning and forecasting of future periods. Additionally, these measures allow management to compare our results with those of other companies that have different financing and capital structures. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for revenue, net income, or any other operating performance or liquidity measure calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. Our fiscal year 2025 guidance measures (other than revenue) are provided on a non-GAAP basis without a reconciliation to the most directly comparable GAAP measure because the Company is unable to predict with a reasonable degree of certainty certain items contained in the GAAP measures without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Such items include, but are not limited to, acquisition related expenses, share-based compensation and other items not reflective of the Company's ongoing operations. Revenue Excluding Service Fee Revenue represents total Revenue less Service Fee Revenue. Total Location Revenue represents total Revenue less Non-Location Related Revenue, Revenue from Closed Locations, and Service Fee Revenue, if applicable. Same Store Revenue represents total Revenue less Non-Location Related Revenue, Revenue from Closed Locations, Service Fee Revenue, if applicable, and Acquired Revenue. Adjusted EBITDA represents Net Income (Loss) before Interest Expense, Income Taxes, Depreciation and Amortization, Impairment and Other Charges, Share-based Compensation, EBITDA from Closed Locations, Foreign Currency Exchange Loss (Gain), Asset Disposition Loss (Gain), Transactional and other advisory costs, changes in the value of earnouts, and other. The Company considers Revenue Excluding Service Fee Revenue as an important financial measure because it provides a financial measure of revenue directly associated with consumer discretionary spending and Total Location Revenue as an important financial measure because it provides a financial measure of revenue directly associated with location operations. The Company also considers Same Store Revenue as an important financial measure because it provides comparable revenue for locations open for the entire duration of both the current and comparable measurement periods. The Company considers Adjusted EBITDA as an important financial measure because it provides a financial measure of the quality of the Company's earnings. Other companies may calculate Adjusted EBITDA differently than we do, which might limit its usefulness as a comparative measure. Adjusted EBITDA is used by management in addition to and in conjunction with the results presented in accordance with GAAP. We have presented Adjusted EBITDA solely as a supplemental disclosure because we believe it allows for a more complete analysis of results of operations and assists investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are that Adjusted EBITDA: do not reflect every expenditure, future requirements for capital expenditures or contractual commitments; do not reflect changes in our working capital needs; do not reflect the interest expense, or the amounts necessary to service interest or principal payments, on our outstanding debt; do not reflect income tax (benefit) expense, and because the payment of taxes is part of our operations, tax expense is a necessary element of our costs and ability to operate; do not reflect non-cash equity compensation, which will remain a key element of our overall equity based compensation package; and do not reflect the impact of earnings or charges resulting from matters we consider not to be indicative of our ongoing operations. GAAP Financial Information Lucky Strike Entertainment Corporation (Amounts in Thousands, except share and per share amounts) (Unaudited) June 30, 2024 Assets Current assets: Cash and cash equivalents $ 79,088 $ 66,972 Accounts and notes receivable, net 6,096 6,757 Inventories, net 15,683 13,171 Prepaid expenses and other current assets 27,519 25,316 Assets held-for-sale — 1,746 Total current assets 128,386 113,962 Property and equipment, net 933,532 887,738 Operating lease right of use assets 583,094 559,168 Finance lease right of use assets, net 512,106 524,392 Intangible assets, net 44,653 47,051 Goodwill 841,550 833,888 Deferred income tax asset 117,660 112,106 Other assets 34,736 35,730 Total assets $ 3,195,717 $ 3,114,035 Liabilities, Temporary Equity and Stockholders' Deficit Current liabilities: Accounts payable and accrued expenses $ 154,740 $ 135,784 Current maturities of long-term debt 10,227 9,163 Current obligations of operating lease liabilities 32,228 28,460 Other current liabilities 4,605 9,399 Total current liabilities 201,800 182,806 Long-term debt, net 1,273,231 1,129,523 Long-term obligations of operating lease liabilities 596,851 561,916 Long-term obligations of finance lease liabilities 682,169 680,213 Long-term financing obligations 447,099 440,875 Earnout liability 50,172 137,636 Other long-term liabilities 26,800 26,471 Deferred income tax liabilities 3,999 4,447 Total liabilities 3,282,121 3,163,887 Commitments and Contingencies March 30, 2025 June 30, 2024 Temporary Equity Series A preferred stock $ 127,325 $ 127,410 Stockholders' Deficit Class A common stock 11 11 Class B common stock 6 6 Additional paid-in capital 477,392 510,675 Treasury stock, at cost (450,856 ) (385,015 ) Accumulated deficit (238,465 ) (303,159 ) Accumulated other comprehensive (loss) income (1,817 ) 220 Total stockholders' deficit (213,729 ) (177,262 ) Total liabilities, temporary equity and stockholders' deficit $ 3,195,717 $ 3,114,035 Expand Balance Sheet and Liquidity As of March 30, 2025 and June 30, 2024, our calculation of net debt was as follows: (in thousands) March 30, 2025 June 30, 2024 Cash and cash equivalents $ 79,088 $ 66,972 Bank debt and loans 1,295,308 1,152,200 Net debt $ 1,216,220 $ 1,085,228 Expand As of March 30, 2025 and June 30, 2024, our cash on hand and revolving borrowing capacity was as follows: (in thousands) March 30, 2025 June 30, 2024 Cash and cash equivalents $ 79,088 $ 66,972 Revolver Capacity 335,000 285,000 Revolver capacity committed to letters of credit (22,422 ) (15,834 ) Total cash on hand and revolving borrowing capacity $ 391,666 $ 336,138 Expand Adjusted EBITDA Reconciliation Three Months Ended (in thousands) March 30, 2025 March 31, 2024 Consolidated Revenue $339,882 $337,670 Net income - GAAP 13,292 23,846 Net income margin 3.9% 7.1% Adjustments: Interest expense 49,414 49,177 Income tax expense 18,348 9,141 Depreciation and amortization 40,741 36,765 Loss on impairment, disposals, and other charges, net 648 1,011 Share-based compensation (1) 8,788 4,143 Closed location EBITDA (2) 251 2,159 Transactional and other advisory costs (3) 4,485 3,813 Changes in the value of earnouts (4) (18,886) (8,868) Other, net (5) 179 1,619 Adjusted EBITDA $117,260 $122,806 Adjusted EBITDA Margin 34.5% 36.4% Expand (1) Includes the non-recurring settlement of equity awards related to the retirement of a long-time executive of the Company during the period ended March 30, 2025, which resulted in an additional $4,809 of share-based compensation expense. (2) The closed location adjustment is to remove EBITDA for closed locations. Closed locations are those locations that are closed for a variety of reasons, including permanent closure, newly acquired or built locations prior to opening, locations closed for renovation or rebranding and conversion. If a location is not open on the last day of the reporting period, it will be considered closed for that reporting period. If the location is closed on the first day of the reporting period for permanent closure, the location will be considered closed for that reporting period. (3) The adjustment for transaction costs and other advisory costs is to remove charges incurred in connection with any transaction, including mergers, acquisitions, refinancing, amendment or modification to indebtedness, dispositions and costs in connection with an initial public offering, in each case, regardless of whether consummated. (4) The adjustment for changes in the value of earnouts is to remove of the impact of the revaluation of the earnouts. Changes in the fair value of the earnout liability is recognized in the statement of operations. Decreases in the liability will have a favorable impact on the statement of operations and increases in the liability will have an unfavorable impact. (5) Other includes the following related to transactions that do not represent ongoing or frequently recurring activities as part of the Company's operations: (i) non-routine expenses, net of recoveries for matters outside the normal course of business, (ii) costs incurred that have been expensed associated with obtaining an equity method investment in a subsidiary of VICI, (iii) severance expense, and (iv) other individually de minimis expenses. Certain prior year amounts have been reclassified to conform to current year presentation. Expand
