BOWLERO CORP Reports First Quarter FY2024 Earnings Results Ending November 7 2023
December 18, 2023
🌥️Earnings Overview
On November 7 2023, BOWLERO CORP ($NYSE:BOWL) reported their earnings results for the first quarter of FY2024, ending on September 30 2023. Total revenue for the quarter was USD 227.4 million, a 1.2% decrease from the same period in the prior year. Nonetheless, net income in this quarter increased by 154.3%, amounting to USD 18.2 million.
Price History
The results exceeded expectations and the stock opened at $9.4 and closed at $10.7, soaring by 15.3% from the prior closing price of $9.3. Investors were pleased with the news and confidence in BOWLERO CORP‘s future growth prospects. This shows that BOWLERO CORP is continuing to make progress towards its goal of becoming the leader in the bowling industry. In addition to the financial results, BOWLERO CORP announced several strategic initiatives to further expand their reach within the bowling industry, including plans to open five new locations across the country by the end of 2024.
The company also announced that they are investing in technology to improve customer experience and increase operational efficiency. Overall, investors were thrilled with the news from BOWLERO CORP and the stock surged in response. With the successful first quarter FY2024 earnings report and plans for expansion, BOWLERO CORP is well-positioned to increase its market share and continue to grow in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bowlero Corp. More…
| Total Revenues | Net Income | Net Margin |
| 1.06k | 104.88 | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bowlero Corp. More…
| Operations | Investing | Financing |
| 198.3 | -367.3 | 98.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bowlero Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.99k | 2.8k | 1.19 |
Key Ratios Snapshot
Some of the financial key ratios for Bowlero Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.7% | – | 15.5% |
| FCF Margin | ROE | ROA |
| 4.0% | 42.3% | 3.4% |
Analysis
At GoodWhale, we recently analyzed BOWLERO CORP‘s financials to help investors make informed decisions. Our Star Chart classified the company as a ‘cheetah’, indicating that it has achieved high revenue or earnings growth, but is less stable due to lower profitability. This makes the company attractive for investors who are looking for high growth potential but are willing to take on risk associated with less stability. In terms of the company’s financial health, our analysis suggests that BOWLERO CORP has an intermediate health score of 6/10. This means that while their cashflows and debt might be sufficient to ride out any crisis without the risk of bankruptcy, they should take better care of their asset and dividend management in order to maximize profits and reduce risk. Lastly, we would like to emphasize that BOWLERO CORP is strong in growth, medium in profitability, and weak in asset and dividend management. Investors interested in buying stocks in this company should be aware of these strengths and weaknesses before making any decisions. 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
Bowlero Corp is an attractive investment given their impressive financial results for the first quarter of FY2024. They reported total revenue of USD 227.4 million, a 1.2% decrease from the previous year, but net income had a 154.3% increase year over year, reaching USD 18.2 million. This strong performance caused their stock price to move up the same day. Investors should continue to monitor Bowlero Corp for further signs of growth as the company continues to generate strong profits.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
