Lucky Strike Entertainment(NYSE) LUCK

Lucky Strike Entertainment Corporation helps families bowl and play games. The company runs centers with food, drinks, and professional sports. These locations host parties, corporate events, and weekend outings.

The Entertainment Mix

• Bowling: Upscale and traditional lanes for walk-in guests and competitive leagues; accounted for 45% of revenue in fiscal year 2026.
• Food and Beverage: Dining and lounge areas serving meals and drinks at all locations; generated 35% of revenue in fiscal year 2026.
• Amusement and Other: Arcade games, family entertainment centers, and water parks; represented 20% of revenue in fiscal year 2026.
• Professional Sports: Hosting and broadcasting professional bowling tournaments through the Professional Bowlers Association (PBA).

Expanding the Fun

• Acquired 58 existing properties previously leased from Carlyle for $306 million in fiscal year 2026.
• Purchased Wet ‘n Wild Emerald Pointe and other water parks to expand its outdoor offerings in fiscal year 2026.
• Converted 88 locations to the Lucky Strike brand as of June 28, 2026.
• Refinanced debt with a new $1.2 billion term loan and $500 million in notes during fiscal year 2026.

More Than Just Bowling

Lucky Strike uses data from millions of annual guests to personalize marketing and adjust pricing. The company operates a diverse portfolio including traditional bowling, upscale lounges, and outdoor water parks.

Pins, Pints, and Performance

• Total revenues reached $1.25 billion in fiscal year 2026, up 4% year over year.
• Net loss was $35.8 million in fiscal year 2026.
• Adjusted EBITDA was $333.2 million in fiscal year 2026, down from $367.7 million in the prior fiscal year.
• Interest expense reached $205.3 million in fiscal year 2026, up 5% year over year.

Bottom Line

Lucky Strike has evolved from a traditional bowling operator into a diversified entertainment company focused on property ownership and data-driven marketing. Its acquisitions and rebranding efforts help capture a larger share of consumer spending on experiences.