Bowlero Corp

NYSE:BOWLUnited States

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• DJ Bowlero Down Over 18%, on Pace for Record Percent Decrease -- Data Talk, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: BOWL
  
  Bowlero Corp. Class A (BOWL) is currently at $10.23, down $2.26 or 18.09%
  
  --Would be lowest close since Nov. 10, 2023, when it closed at $10.22
  
  --Would be largest percent decrease on record (Based on available data back to April 23, 2021)
  

• DJ Bowlero: EEOC Won't Pursue Litigation in Age-Discrimination Claims, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: BOWL
  
  By Colin Kellaher
  
  Bowlero on Monday said the Equal Employment Opportunity Commission won't bring litigation against the bowling-alley operator over dozens of claims of age discrimination.
  

• Rally on Rate Cut Bets Fades, Leaving Narrow Gains for US Equity Futures Pre-Bell, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: MMAT, PRFT, BILL, BOWL
  09:00 AM EDT, 05/06/2024 (MT Newswires) -- US equity futures posted modest gains ahead of Monday's opening bell, stabilizing after Friday's strong gains amid hopes that the Federal Reserve will soon start cutting interest rates. Dow Jones Industrial...

• Bowlero Swings to Fiscal Q3 Earnings, Revenue Increases; Fiscal 2024 Outlook Updated, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: BOWL
  08:20 AM EDT, 05/06/2024 (MT Newswires) -- Bowlero (BOWL) reported fiscal Q3 earnings Monday of $0.13 per dilute share, swinging from a net loss of $0.22 a year earlier. Analysts polled by Capital IQ expected earnings of $0.23. Revenue for the qua...

• DJ Bowlero's Stock Slides 11% After Earnings Miss As Company Guides To Low End Of Fiscal Year Range -- MarketWatch, from 4 hours ago by Dow Jones

  4 hours ago by Dow Jones
  Companies Mentioned: BOWL
  
  Bowlero Corp.'s stock (BOWL) tumbled 11% in premarket trade Monday, after the operator of bowling alleys and other entertainment offerings posted weaker-than-expected earnings for its fiscal third quarter. The Richmond, Va.-based company had net income of $23.8 million, or 13 cents a share, for the quarter to March 31, after a loss of $32.1 million, or 22 cents a share, a year ago. Revenue rose to $337.7 million from $315.7 million. The FactSet consensus was for EPS of 23 cents and revenue of $341.0 million. Same-store revenue fell 2.1%. CEO and Founder Thomas Shannon said the quarter started slowly due to weather. "Post the first three weeks of January, we found a stable footing and increased investments to drive traffic," he said in prepared remarks. "After the first three weeks of the quarter, we achieved a positive same-store-comp and double-digit total growth." The company last week closed an acquisition in the water-park sector of a company called Raging Waves, which is the biggest outdoor water park in Illinois, he said. "We will continue to use internal and external investments to support increasing wallet share from customers in the out-of-home entertainment space, helping grow our industry-leading free cash flow generation," said Shannon. Bowlero is now expecting to be near the low end of its fiscal 2024 revenue guidance. The stock is down 11.8% in the year to date, while the S&P 500 has gained 7.5%.