Bowlero Corp posted its fourth quarter earnings that exceeded analysts’; expectations.
The bowling center operator’s earnings came in at 7 cents a share, handily topping analysts’ expectations of 4 cents a share (based on FactSet poll).
Sales grew +68.3% from the year-ago quarter to roughly $267.7 million, on the back of "continued strong growth in walk in retail and accelerated further by significant growth in event revenue," according to the company.
“We continue to see very strong demand in our bowling centers, which is driving significant same store sales growth relative to both prior year and pre-pandemic levels," said Brett Parker, Bowlero’s CFO.