Lucky Strike Entertainment reported mixed results for fiscal year 2026, which ended 28 June. The location-based entertainment operator saw revenue increase 3.7% to $1.25 billion, but same-store revenue declined 0.2%. The company posted a net loss of $35.8 million, compared to a $10.0 million loss the previous year. CEO Thomas Shannon attributed June's weakness to the World Cup disrupting typical consumer patterns. The company added six locations during the year whilst closing five underperforming sites, bringing the total to 366 locations. Lucky Strike's waterpark operations showed improvement, with increased per-capita spending and reduced labour costs. Capital expenditures fell roughly $80 million from fiscal 2024 levels. For fiscal 2027, the company forecasts revenue growth of 3% to 5%, targeting $1.28 billion to $1.31 billion. The board declared a quarterly dividend of $0.06 per share.

Lucky Strike will report Q2 earnings Thursday before market hours. The entertainment venue operator missed revenue expectations last quarter with $342.2 million, flat year on year, and significantly missed EPS estimates. This quarter, analysts expect revenue to grow 3.1% year on year, slowing from 6.1% growth in the same period last year. Analysts have generally reconfirmed their estimates over the last 30 days. Lucky Strike's peers have shown stronger performance. AMC Entertainment reported 14.2% revenue growth, beating expectations by 8.7%, whilst Sphere Entertainment posted 11% growth, topping estimates by 1.8%. Lucky Strike shares are down 2.8% over the past month, trading at $6.87 against an average analyst price target of $9.94.

Lucky Strike, an entertainment venue operator, missed first-quarter revenue expectations with sales flat year-on-year at $342.2 million, 3.3% below analyst estimates of $353.9 million. The company's shares fell 11.4% following the announcement. GAAP profit of $0.10 per share missed consensus estimates by 45%, whilst adjusted EBITDA of $109 million came in 10% below expectations. Same-store sales remained flat year-on-year. Lucky Strike lowered its full-year revenue guidance to $1.26 billion from $1.29 billion, 1.5% below analyst estimates. Full-year EBITDA guidance of $347.5 million also fell short of the $374.1 million consensus. The company, which operates upscale bowling alleys and entertainment venues across North America, has seen revenue growth slow to 5.8% annually over the past two years.