What's Going On With Bowlero Shares Friday?

Bowlero Corp. BOWL shares are moving higher on Friday after the company reported better-than-expected 2024 fiscal year fourth quarter revenue and issued 2025 fiscal year guidance above estimates.

The Details: The company reported quarterly sales grew 18.6% year over year to $283.90 million, beating analysts estimate of $274.44 million.

The company’s revenue excluding service fee gains came in at $282.9 million while same store revenue was $242.5 million.

“This year, we acquired 22 locations, including the flagship Lucky Strike locations and the 60-acre Raging Waves waterpark in Yorkville, Illinois,” said Thomas Shannon, founder, chairman and CEO of Bowerlo.

“The initial results of these acquisitions have been outstanding, including record profitability at Lucky Strike and double digit year-over-year revenue growth at Raging Waves. We expect to achieve returns similar to our successes with the acquisitions of centers from AMF, Brunswick, Bowl America, and 40+ independents.”

Guidance: The company sees 2025 fiscal year revenue between $1.22 billion and $1.28 billion versus analysts estimate of $1.14 billion. Also, the company expects adjusted EBITDA between $390 million and $430 million.

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BOWL Price Action: At the time of writing, Bowerlo shares are trading 8.43% higher at $11.70, according to data from Benzinga Pro.

Image: Robert Owen-Wahl from Pixabay