May. 9 at 1:19 PM
Noble Capital Markets Research Report: Lucky Strike Entertainment (
$LUCK) – Navigating Economic Headwinds
Lackluster Q3 Results. The company reported Q3 revenue of
$339.9 million and adj. EBITDA of
$117.3 million, both of which were lower than our estimates of
$360.0 million and
$130 million, respectively, as illustrated in Figure #1 Q3 Results. Notably, the soft results were largely driven by a decrease in corporate events in California and Seattle, and partially offset by high single digit increase in food sales and stable retail and league business. While Q3 results were lackluster, we believe the company will gain momentum heading into the summer.
Read more: https://www.channelchek.com/news-channel/lucky-strike-entertainment-luck-navigating-economic-headwinds
