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Lucky Strike Entertainment Reports First Quarter Results for Fiscal Year 2027
- LUCK
-2.78%
RICHMOND, Va., November 05, 2026–(BUSINESS WIRE)–Lucky Strike Entertainment (NYSE: LUCK), one of the world’s premier owner/operators of location-based entertainment, today provided financial results for the first quarter of the 2027 fiscal year, which ended on September 27, 2026.
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Total revenue increased 3.5% to $302.6 million versus 1Q26
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Same-store revenue decreased 2.6% versus 1Q26
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Net loss of $25.7 million versus net loss of $13.8 million in 1Q26
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Adjusted EBITDA of $72.1 million versus $72.7 million in 1Q26
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Net cash provided by operating activities of $17.1 million versus net cash used of $6.4 million in 1Q26
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Capital expenditures of $21.5 million versus $25.9 million in 1Q26
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Unveiled the refreshed AMF brand and converted 42 additional locations to the Lucky Strike brand during the quarter; 182 Lucky Strike locations as of November 5, 2026
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Total locations in operation as of November 5, 2026, were 366
“Revenue grew in the first quarter, helped by our first full summer with two new water parks, and while same-store revenue was down, it improved every month and September comped positive,” said Thomas Shannon, Founder and CEO. “We are in a better place than a year ago, but a negative comp is a negative comp, and fixing it comes first.”
“The decline was in retail bowling, our walk-in business, and in alcohol, which is down across the restaurant industry. Events, leagues, food and non-alcoholic beverage grew. Events has now matched or beaten last year for six straight months, and the holiday book is ahead, led by corporate events, while smaller, price-sensitive parties remain under pressure, as the lower-end consumer has for several quarters. Leagues grew despite starting later this fall. California, still our weakest market, narrowed the gap every month and comped slightly positive in September.”
“The water parks were meaningfully more profitable than last year, and with the parks now closed, our focus is next season’s pass sales and pricing, where this year’s lesson is to sell earlier.”
“Capital spending in the quarter was the lowest in five years, and we expect the full year at roughly half its fiscal 2024 peak. With capital spending down, no acquisitions and lower litigation costs, we expect to direct meaningful free cash flow, plus proceeds from a few non-core asset sales, to debt reduction. The Board has also suspended our quarterly dividend. That is a decision about where the next dollar goes, not a change in our view of the long-term earnings power of the business.”
