BOWLERO CORP Reports 104.2% Year-Over-Year Increase in Revenue for FY2023 Q2, Totaling USD 1.4 Million.

Earnings Overview

For the quarter ending December 31, 2022, BOWLERO CORP ($NYSE:BOWL) reported total revenue of USD 1.4 million for FY2023 Q2, reflecting a year-over-year increase of 104.2%. This resulted in net income of USD 273.4 million, representing a 33.2% increase compared to the same period of the prior year.

Transcripts Simplified

Bowlero Corp had a great Q2, with record Q2 revenues of $273 million and record Q2 adjusted EBITDA of $97 million, compared with the prior year’s Q2. Net income for the quarter was $1.4 million. Additionally, Bowlero Corp recently closed an amend and extend refinancing transaction to address the July 2024 maturity for their term loan B and increased their liquidity profile. In the quarter, they also repurchased approximately $8 million worth of stock under their authorized stock repurchase program.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Bowlero Corp. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Bowlero Corp. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Bowlero Corp. More…

Key Ratios Snapshot

Some of the financial key ratios for Bowlero Corp are shown below. More…

Share Price

On Wednesday, BOWLERO CORP announced that its revenue for the second quarter of fiscal year 2023 had increased by 104.2% year-over-year, totaling USD 1.4 million. Following the news, the company’s stock opened at $14.4 and closed at $14.8, up by 2.7% from the last closing price of 14.4. The company has invested in marketing campaigns and state-of-the-art facilities in order to strengthen its presence in key markets. This strategy has paid off, as the reported increase in revenue is the highest among any comparable quarter in the company’s history. The increase in revenue is indicative of BOWLERO CORP’s success in responding to changing customer demand and preferences. By offering a variety of bowling experiences, the company has been able to attract customers from all walks of life.

In addition, the company’s focus on providing quality experiences has led to an increase in repeat customers, ensuring a steady flow of revenue for the business. The impressive performance by BOWLERO CORP has been welcomed by investors and analysts alike. The stock price has been steadily increasing over the past quarter, indicating a level of confidence in the company’s growth prospects. Going forward, the company looks set to continue its upward trajectory, as it looks to capitalize on its current momentum and build on its success in the upcoming quarters. Live Quote…

Analysis

GoodWhale has examined the financials of BOWLERO CORP and the results are interesting. Our star chart suggests that BOWLERO CORP is strong in growth, but weak in asset, dividend, and profitability. Although BOWLERO CORP has an intermediate health score of 6/10 with regard to its cash flows and debt, which suggests that it might be able to pay off debt and fund future operations, it is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this information, investors who are looking for high-growth stocks with some risk could be interested in BOWLERO CORP. These investors should be aware of the risks associated with investing in a ‘cheetah’ company, such as lower profitability and potentially high volatility. On the other hand, investors who are looking for a more stable investment should look elsewhere. More…

Peers

In the world of professional bowling, there are few companies that can compete with Bowlero Corp. Founded in 2013, Bowlero has quickly become the largest operator of bowling centers in the United States. With over 300 locations across the country, Bowlero offers bowlers of all skill levels a place to enjoy their favorite pastime. While Bowlero is the clear leader in the industry, there are a few other companies that are worth mentioning. PSYC Corp, Huayi Brothers Media Corp, and Thumzup Media Corp are all major players in the world of professional bowling. Each of these companies has its own unique strengths and weaknesses, but all three are worth keeping an eye on in the years to come.

– PSYC Corp ($OTCPK:PSYC)

PSYC Corp is a provider of mental health services. The company has a market capitalization of $364,120,000 as of 2022 and a return on equity of -178.11%. PSYC Corp offers a variety of services including psychiatric evaluations, medication management, individual and group therapy, and case management. The company serves patients of all ages, from children to adults.

– Huayi Brothers Media Corp ($SZSE:300027)

Huayi Brothers Media Corp is a Chinese entertainment company with a market cap of 6.41B as of 2022. The company has a Return on Equity of -26.65%. The company produces and distributes films and television programs, and also operates theaters.

– Thumzup Media Corp ($OTCPK:TZUP)

Thumzup Media Corp is a media company that focuses on creating and distributing content across multiple platforms. The company has a market cap of 44.84M as of 2022 and a Return on Equity of -286.45%. The company’s primary operations are in the United States, Canada, and the United Kingdom.

Summary

Investors may be encouraged by the performance of BOWLERO CORP in their second quarter of FY2023, with total revenue rising 104.2% year-over-year to USD 1.4 million and net income increasing 33.2% to USD 273.4 million. While this presents a promising outlook for the company, investors should also consider the potential risks associated with investing in BOWLERO CORP, such as their financial stability, market conditions, and competitive landscape. Additionally, investors should consider the company’s other financial metrics, such as cash flow and debt to equity ratio, before making a decision.