Vol. XXIII, No. 6, June 2023
Bowlero reports 3rd quarter results
Bowlero's impressive 3rd quarter results, which concluded on April 2, 2023, mirrored the success of its 2nd quarter. Same-store revenues surpassed the pre-pandemic 3rd quarter by an impressive 30%, significantly outpacing inflation. Moreover, Bowlero reported a remarkable increase in same-store event business, with figures 44% higher than last year and 52% higher than the pre-pandemic period.
Furthermore, the company's adjusted center EBITDA has grown from 32.8% during the pre-pandemic period to 40.4% in the 3rd quarter.
Bowlero currently operates 329 centers across the United States, Canada, and Mexico. As part of their growth strategy, they plan to open 25 to 30 acquired and newly constructed centers within the next 12 months.
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