Full-Time
Bowling alley entertainment and dining venues
No salary listed
Panama City Beach, FL, USA
In Person
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Lucky Strike Entertainment operates a chain of venues that combine bowling, dining, and drinks. Guests bowl and play games in a social setting with evolving menus and themed spaces inspired by pop culture, notably The Big Lebowski. The brand stands out with its distinctive atmosphere and “Dude DNA,” creating a memorable experience beyond meals or games. Its goal is to give people a fun, feel-good place to relax, celebrate, and repeat across multiple locations.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$2.1B
Headquarters
Los Angeles, California
Founded
2003
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
Paid Vacation
Paid Holidays
Professional Development Budget
Lucky Strike missed Wall Street's expectations in Q2, reporting revenue of $303.9 million versus estimates of $310.5 million and adjusted EBITDA of $74.07 million against forecasts of $86.61 million. The company attributed the shortfall to external factors including the World Cup and NBA Finals, which kept customers at home during peak weeks. CEO Thomas Shannon said millions of consumers who would typically bowl on Friday or Saturday nights watched sports from home for five straight weeks. The company also faced weather challenges affecting its water park business and acknowledged marketing spend underperformed. EBITDA guidance for 2027 came in at $350 million at the midpoint, below analyst estimates of $377.3 million. Operating margin declined to 3.2% from 5% year-on-year.
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.
Lucky Strike Entertainment reported third quarter results for fiscal year 2026, with total revenue increasing 0.7% to $342.2 million from $339.9 million year-over-year. Same-store revenue rose 0.2%, whilst net income grew to $16.9 million from $13.3 million. However, adjusted EBITDA declined to $109.0 million from $117.3 million in the prior year. The quarter was impacted by two major winter storms and deteriorating consumer sentiment following escalating Middle East conflict. The company identified elevated payroll expenses early in the quarter and implemented corrective actions, including AI-driven labour optimisation initiatives expected to deliver meaningful benefits from the fourth quarter onwards. Lucky Strike now operates 368 locations, including a recently acquired water park. Year-to-date capital expenditures decreased to $90.1 million from $117.5 million.