Lucky Strike Entertainment Corp

Listed Company

LUCKCIK 0001840572NYSEAcceleratedEmerging GrowthServices-Amusement & Recreation ServicesVirginiaFY ends Jun 29

Period

FY 2025

Revenue

$1.20B

Net Income

$-10.02M

Total Assets

$3.16B

Equity

$-298.67M

Shares Out

5.91M

Op. Cash Flow

$177.22M

Business

Lucky Strike Entertainment Corp operates location-based entertainment centers focused on out-of-home leisure experiences. The company offers bowling (traditional and upscale concepts), arcades, amusements, water parks, family entertainment center attractions, food and beverage, in-location gaming and related digital apps, event hosting, professional and amateur bowling tournaments and related broadcasting. Its operations are organized across branded concepts including Lucky Strike and Bowlero (upscale), AMF (traditional bowling), Boomers Parks (FECs) and various Water Parks. The company serves over 360 locations across North America through walk-in retail, leagues, group events, season pass holders and online/digital channels.

Summary from filing dated 2025-08-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total revenues	1,201	1,155	1,059	912	395
Location operating costs, excluding depreciation and amortization	376	329	268	—	—
Location payroll and benefit costs	284	287	262	—	—
Location food and beverage costs	95	91	83	—	—
Selling, general and administrative expenses, excluding depreciation and amortization	143	148	137	181	78
Depreciation and amortization	157	145	109	—	—
Loss on impairment and disposal of fixed assets, net	11	61	−639,000	—	—
Other operating (income) expense, net	−1	2	−2	7	1
Total costs and expenses	1,064	1,063	858	—	—
Operating income	137	92	201	117	−39
Interest expense, net	196	178	111	94	—
Change in fair value of earnout liability	−101	25	85	26	0
Other expense	817,000	76,000	7	149,000	0
Total other expense	96	203	203	147	89
Income (loss) before income tax expense (benefit)	41	−112	−2	−31	−127
Income tax expense (benefit)	52	−28	−84	−690,000	−1
Net (loss) income	−10	−84	82	−30	−126
Series A preferred stock dividends	−9	−9	−24	−10	−8
Earnings allocated to Series A preferred stock	0	0	−5	0	0
Net (loss) income attributable to common stockholders	−19	−92	53	−40	−134
Net (loss) income attributable to common stockholders	−19	−92	53	−40	−134
Net (loss) income per share attributable to Class A and B common stockholders, basic (in dollars per share)	−0.13	−0.61	0.32	−0.26	−0.92
Net (loss) income per share attributable to Class A and B common stockholders, diluted (in dollars per share)	−0.13	−0.61	0.3	−0.26	−0.92
Weighted-average shares used in computing net (loss) income per share attributable to common stockholders, basic (in shares)	142	151	166	156	147
Weighted-average shares used in computing net (loss) income per share attributable to common stockholders, diluted (in shares)	142	151	176	156	147

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	60	67	196	132	187
Accounts and notes receivable, net	8	7	3	5	3
Inventories, net	16	13	11	10	8
Prepaid expenses and other current assets	29	25	18	13	8
Assets held-for-sale	0	2	2	9	686,000
Total current assets	113	114	231	169	207
Property and equipment, net	945	888	716	535	416
Operating lease right of use assets	589	559	449	0	—
Finance lease right of use assets, net	508	524	515	0	—
Intangible assets, net	46	47	91	93	96
Goodwill	844	834	754	743	726
Deferred income tax asset	68	112	74	0	—
Other assets	48	36	12	41	44
Total assets	3,160	3,114	2,841	1,854	1,782
Accounts payable and accrued expenses	145	136	121	101	—
Current maturities of long-term debt	10	9	9	5	5
Current obligations of operating lease liabilities	33	28	24	0	—
Other current liabilities	6	9	14	13	9
Total current liabilities	194	183	169	119	107
Long-term debt, net	1,301	1,130	1,139	865	—
Long-term obligations of operating lease liabilities	607	562	431	0	—
Long-term obligations of finance lease liabilities	683	680	652	0	—
Long-term financing obligations	449	441	9	—	—
Earnout liability	36	138	112	211	0
Other long-term liabilities	56	26	25	54	88
Deferred income tax liabilities	4	4	4	15	—
Total liabilities	3,331	3,164	2,542	1,662	1,452
Commitments and Contingencies (Note 11)	—	—	—	—	—
Series A preferred stock	127	127	144	206	141
Additional paid-in capital	473	511	506	335	0
Treasury stock, at cost	−458	−385	−135	−35	—
Accumulated deficit	−313	−303	−220	−313	−266
Accumulated other comprehensive (loss) income	−480,000	220,000	4	−1	−9
Total stockholders deficit	−299	−177	155	−14	−276
Total liabilities, temporary equity and stockholders deficit	3,160	3,114	2,841	1,854	1,782

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Loss (gain) on impairment and disposal of fixed assets, net	11	61	−639,000	−4	−46,000
Income from equity method investment	−301,000	−614,000	−409,000	−388,000	−223,000
Amortization of deferred financing costs	4	4	3	4	3
Non-cash interest expense on finance lease obligation	11	10	6	0	0
Distributions from equity method investments	37	35	31	0	—
Non-cash portion of gain on lease modification	−903,000	−499,000	−2	0	0
Deferred income taxes	46	−34	−86	−7	−1
Share-based compensation	22	14	16	50	3
Distributions from equity method investments	294,000	350,000	445,000	401,000	210,000
Change in fair value of earnout liability	−101	25	85	26	0
Change in fair value of marketable securities	0	0	−852,000	0	0
Accounts and notes receivable, net	−703,000	−4	−561,000	−2	458,000
Inventories	−2	−536,000	−1	−2	−137,000
Prepaid expenses, other current assets and other assets	−18	−6	−3	−6	−2
Accounts payable and accrued expenses	14	14	3	−409,000	40
Operating lease liability	−14	−26	−20	0	—
Other current liabilities	−6	865,000	−4	7	725,000
Other long-term liabilities	30	873,000	365,000	3	44
Net cash provided by operating activities	177	155	218	178	58
Purchases of property and equipment	−141	−194	−149	−162	−43
Purchases of intangible assets	0	−259,000	−206,000	−2	−60,000
Proceeds from sale of property and equipment	2	0	7	17	1
Proceeds from sale of intangibles	0	65,000	200,000	0	140,000
Purchase of marketable securities	0	0	−45	0	0
Proceeds from sale of marketable securities	0	0	46	0	0
Acquisitions, net of cash acquired	−81	−191	−112	−73	−5
Net cash used in investing activities	−220	−386	−253	−220	−47
Repurchase of Class A common stock into Treasury stock	−72	−254	−96	−31	0
Settlement of Series A preferred stock	0	−751,000	−81	0	0
Settlement of equity awards	−21	0	0	—	—
Payment of cash dividends	−34	−25	−4	0	0
Proceeds from share issuance	1	1	590,000	0	0
Payments for tax withholdings on share-based awards	−6	−1	−6	−503,000	0
Settlement of contingent consideration	0	0	1	0	0
Proceeds from First Lien Credit Facility Term Loan	150	0	1,150	0	0
Proceeds from Revolver draws	140	175	100	86	0
Payoff of previous First Lien Credit Facility Term Loan	0	0	−786	0	0
Payment of long-term debt	−10	−13	−5	−10	−8
Proceeds on finance leases	417,000	0	0	—	—
Payment on finance leases	−2	−6	−903,000	0	0
Proceeds from equipment loans	0	0	15	0	0
Payoff of Revolver	−110	−175	−186	−40	0
Proceeds from sale-leaseback financing	0	409	10	0	—
Payment of deferred financing costs	−923,000	−7	−13	−977,000	−2
Net cash provided by financing activities	36	102	99	−12	35
Effect of exchange rates on cash	−56,000	8,000	−129,000	−46,000	27,000
Net (decrease) increase in cash and cash equivalents	−7	−129	63	−55	46

Filings

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