Lucky Strike Entertainment Corporation
- Open
- 6.26
- Day high
- 6.29
- Day low
- 6.17
- Prev close
- 6.30
- Volume
- 1K
- Mkt cap
- $859M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -3.3
- P/S
- 0.7
- Yield
- 2.86%
- Per share
- $0.18
- ▲Insiders net buying $8K over the last 3 months (2 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
Lucky Strike Entertainment Corporation (LUCK) is a Consumer Cyclical company listed on NYSE. The stock is down 39% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 0 sales (SEC Form 4).
Lucky Strike Entertainment Corporation (LUCK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LUCK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 27, 2026 | $-0.05 | $-0.20 | -318.6% | $304M | -2.4% |
| May 6, 2026 | $0.17 | $0.10 | -41.2% | $342M | -3.3% |
| Feb 4, 2026 | $0.19 | $-0.11 | -158.9% | $307M | -13.5% |
| Aug 28, 2025 | $-0.07 | $-0.49 | -600.0% | $301M | +7.6% |
| May 8, 2025 | $0.23 | $0.07 | -69.6% | $340M | +14.2% |
| Feb 5, 2025 | $0.06 | $0.06 | +0.0% | $300M | -19.1% |
| Jun 30, 2024 | — | $-0.40 | — | $284M | — |
| Mar 31, 2024 | $0.23 | $0.15 | -35.0% | $338M | -1.1% |
| Dec 31, 2023 | $0.12 | $-0.42 | -462.1% | $306M | +1.7% |
| Sep 30, 2023 | $-0.07 | $0.11 | +258.7% | $227M | -0.6% |
| Jun 30, 2023 | — | $0.84 | — | $239M | — |
| Dec 31, 2022 | $0.16 | $0.01 | -94.4% | $273M | +6.4% |
LUCK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 9, 2026 | Bass Robert Jdirector | Buy | 745 | $8.10 |
| Jun 9, 2026 | Lavan Robert M.officer: Chief Financial Officer | Buy | 277 | $7.60 |
| May 15, 2026 | Shannon Thomas F.director, 10 percent owner, officer: Chief Executive Officer | Option | 3,000,000 | — |
| Apr 16, 2026 | Ekster Levother: Former Officer | Sell | 3,000 | $8.47 |
| Mar 25, 2026 | Shannon Thomas F.director, 10 percent owner, officer: Chief Executive Officer | Grant | 1,196 | — |
| Mar 24, 2026 | A-B Parent LLCdirector, 10 percent owner: | Grant | 1,196 | — |
| Mar 10, 2026 | Lavan Robert M.officer: Chief Financial Officer | Buy | 246 | $8.47 |
| Feb 13, 2026 | Harinstein Jasondirector | Buy | 13,000 | $7.54 |
| Feb 10, 2026 | Young John Alandirector | Buy | 6,000 | $6.50 |
| Jan 6, 2026 | Ekster Levofficer: President | Tax | 250 | $8.49 |
| Dec 22, 2025 | Lavan Robert M.officer: Chief Financial Officer | Grant | 20,050 | — |
| Dec 22, 2025 | Lavan Robert M.officer: Chief Financial Officer | Grant | 11,061 | — |
| Dec 22, 2025 | Lavan Robert M.officer: Chief Financial Officer | Grant | 31,089 | $9.04 |
| Dec 22, 2025 | Ekster Levofficer: President | Grant | 31,089 | $9.04 |
| Dec 22, 2025 | Ekster Levofficer: President | Grant | 20,050 | — |
Source: LUCK SEC Form 4 filings, latest Jun 9, 2026. For informational purposes only — not investment advice.
See the full LUCK insider & 13F page →Lucky Strike Entertainment Corporation company profile
Overview
Lucky Strike Entertainment Corporation (NYSE:LUCK) is a leading operator of location-based entertainment venues in North America, operating under multiple brand names including AMF, Bowlero, Lucky Strike, Boomers, and PBA. Founded in 1997 and originally known as Bowlero Corp until its December 2024 rebranding, the company went public in April 2021. Headquartered in Mechanicsville, Virginia, Lucky Strike has grown through acquisitions and new builds to become one of the largest bowling and family entertainment center operators in the United States, with hundreds of locations offering bowling, amusements, water parks, and family entertainment experiences.
Business
Lucky Strike Entertainment operates in the location-based entertainment industry, which encompasses venues that provide recreational activities requiring physical presence at specific locations. The company's core business revolves around bowling centers, which are facilities equipped with multiple bowling lanes where customers pay to bowl by the game or hour, along with complementary entertainment offerings. The company operates several distinct brand concepts. Bowlero represents the company's traditional bowling centers, typically featuring 40-60 lanes with basic food and beverage service. Lucky Strike positions itself as the premium brand, offering upscale bowling experiences with enhanced food and beverage menus, modern décor, and higher-end amenities. AMF centers represent the company's legacy bowling locations acquired from AMF Bowling. Boomers operates family entertainment centers that combine bowling with arcade games, mini golf, and other amusement activities. The company also manages PBA (Professional Bowlers Association) programming and tournaments. Beyond traditional bowling, Lucky Strike has expanded into complementary entertainment sectors. The company operates water parks, including the recently acquired Raging Waves facility in Illinois, which provides seasonal outdoor water recreation. These venues typically generate revenue during warmer months and offer admission-based pricing models. The bowling segment represents the vast majority of company revenue, estimated at over 85% of total sales. Water parks and family entertainment centers comprise the remaining revenue, with water parks being highly seasonal and contributing primarily during summer months. The company's strategy involves converting existing Bowlero locations to the higher-margin Lucky Strike brand, with plans to rebrand approximately 75 centers.
Revenue model
Lucky Strike Entertainment generates revenue through multiple streams within its location-based entertainment model. Bowling revenue comes from lane rentals charged per game or hourly, with pricing varying by time of day, day of week, and location. Peak periods like weekends and evenings command premium pricing, while weekday afternoons often feature discounted rates to drive traffic. Food and beverage sales represent a critical high-margin revenue stream, with the company reporting food and beverage attachment ratios of $0.80 per bowling dollar spent. The company has invested heavily in menu upgrades, server training, and technology like handheld tablets to increase these sales. Premium locations like Lucky Strike generate higher food and beverage ratios due to their upscale positioning and enhanced menus. League bowling provides recurring revenue through organized weekly competitions that run for multiple months. Corporate and private events generate revenue through group bookings, party packages, and event hosting services. Amusement and arcade games contribute additional per-visit spending, while retail merchandise and bowling equipment sales provide supplementary income. The company's paying customers include recreational bowlers, league participants, corporate groups, birthday parties, and casual entertainment seekers. Water park operations generate revenue through daily admission fees and season passes, with the company launching successful season pass programs generating over $8 million in advance sales. Several factors influence the company's margins. Labor costs represent a significant expense, with management implementing efficiency measures like optimized staffing and server tablets to reduce payroll hours. Seasonal variations affect performance, with summer months typically stronger for entertainment venues. Economic conditions impact discretionary spending, though management believes bowling offers value-oriented entertainment during economic downturns. Food and beverage costs fluctuate with commodity prices, while utility expenses vary with energy costs. Competition from other entertainment options and weather patterns can significantly impact foot traffic and revenue performance.
Competitive moat
Lucky Strike Entertainment's competitive moat appears moderate but not particularly strong. The company benefits from certain location-based advantages, as bowling centers require significant real estate and capital investment, creating barriers to new entrants in established markets. Prime locations with good visibility and accessibility provide some protection from competition. The company's scale advantages include purchasing power for food, beverages, and equipment, as well as the ability to spread corporate overhead across hundreds of locations. The Lucky Strike brand has achieved some recognition as a premium bowling experience, potentially commanding higher prices and customer loyalty in upscale markets. However, the moat faces several vulnerabilities. Substitute entertainment options are abundant, including movie theaters, restaurants, bars, gaming centers, and home entertainment. The bowling industry itself has experienced long-term secular decline as consumer preferences shift toward other activities. High fixed costs from real estate leases and equipment make the business vulnerable to traffic declines. Potential disruption could come from new entertainment concepts, virtual reality experiences, or changing social behaviors, particularly among younger demographics who may prefer different social activities. The company's recent expansion into water parks and family entertainment centers represents an attempt to diversify beyond traditional bowling, but these segments face their own competitive pressures. The business model's dependence on discretionary consumer spending makes it cyclical and vulnerable to economic downturns. While management argues bowling provides value entertainment during tough times, the company's performance has shown sensitivity to macroeconomic conditions and consumer sentiment changes.
Risks & safety
Lucky Strike Entertainment's margin of safety appears concerning from a financial stability perspective, with several red flags indicating elevated risk. • **Solvency Risk**: The company carries significant financial leverage with total liabilities of $3.28 billion against total assets of $3.20 billion, resulting in negative shareholder equity of approximately $86 million. Net debt stands at roughly $1.1 billion. • **Cash Position**: Current cash and short-term investments of $79 million provide limited cushion relative to current liabilities of $202 million, resulting in a current ratio of 0.64, indicating potential liquidity stress. • **Cash Flow**: While operating cash flow of $87 million in Q2 2025 shows operational viability, free cash flow of $61 million leaves little margin for error after capital expenditures. • **Valuation Metrics**: Trading at 25.9x earnings and 8.0x EV/EBITDA suggests elevated valuation relative to cash generation, particularly given the leveraged balance sheet structure. • **Debt Service**: With significant debt obligations and negative equity, the company faces ongoing refinancing risks and sensitivity to interest rate changes or operational disruptions. • **Other Considerations**: The business model's dependence on discretionary spending and seasonal variations adds operational risk to the already stressed financial position.
Recent development
Over the past few years, Lucky Strike Entertainment has pursued several strategic initiatives focused on brand elevation and operational efficiency. The company's most significant move has been the systematic conversion of Bowlero locations to the Lucky Strike brand, targeting 75 center conversions by year-end 2025. This rebranding strategy aims to capture higher margins through premium positioning and enhanced customer experiences. Food and beverage enhancement has been a major focus, with the company implementing new four-tier menu systems ranging from traditional to craft offerings. Management has deployed handheld tablets for servers to improve efficiency and increase food and beverage attachment rates, successfully growing the ratio from $0.60 to $0.80 per bowling dollar. The company has also invested heavily in staff training and improved hiring processes to support these initiatives. Diversification beyond bowling represents another key strategic pivot. The acquisition of Raging Waves water park in Illinois for $49 million and the Boomers family entertainment centers with six locations and two water parks demonstrates expansion into complementary entertainment sectors. These moves aim to reduce dependence on traditional bowling and capture seasonal revenue opportunities. Technology and customer experience improvements include launching mobile ordering across all properties, simplifying online booking processes, and implementing data-driven staffing optimization. The company has also introduced season pass programs that generated over $8 million in advance sales, providing improved cash flow timing and customer retention. Operational efficiency measures have included reducing payroll hours by double digits through optimized staffing, cutting capital expenditures by 33% year-over-year, and implementing performance management systems. The company has also focused on improving Net Promoter Scores and rebuilding corporate event business relationships that were disrupted during COVID-19.
LUCK company profile · for informational purposes only — not investment advice.
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