Nov. 5 at 4:40 PM
Noble Capital Markets Research Report: Lucky Strike Entertainment (
$LUCK ) – Water Parks Make A Wave In The Latest Quarter
Solid Q1 results. The company reported revenue of
$292.3 million, up 12.3% from the prior year period and 2.2% above our estimate of
$286.0 million, as illustrated in Figure # 1 Q1 Results. Notably, the strong revenue growth was largely driven by new location openings and acquisitions of water parks and family entertainment centers (FEC). Same store sales were flat compared to the prior year. Adj. EBITDA of
$72.7 million was in line with our estimate of
$72.5 million, despite the higher revenue, primarily due to increases in location operating costs and payroll and benefit costs, in part from recent acquisitions.
Read more: https://www.channelchek.com/news-channel/lucky-strike-entertainment-luck-water-parks-make-a-wave-in-the-latest-quarter
