BOWLERO CORP Reports Q4 FY2023 Earnings Results for Quarter Ending June 30, 2023
September 15, 2023
🌥️Earnings Overview
BOWLERO CORP ($NYSE:BOWL)’s fiscal year 2023 Q4 earnings results were released on September 11, 2023, for the quarter ending on June 30 2023. Total revenue for the quarter was USD 239.4 million, representing a 10.6% decrease from the same period in the prior year. In comparison, net income was reported at USD 146.2 million, a considerable jump from the 6.9 million reported in the same quarter of the previous year.
Share Price
The stock opened at $10.8 and closed at $10.6, representing a 4.9% increase from the previous day’s closing price of $10.1. Overall, BOWLERO CORP‘s performance in the fourth quarter of FY2023 was strong, with increases in both earnings and revenue results compared to the same period in the previous fiscal year. The company looks forward to continued success in the upcoming quarters and years. 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 | 53.34 | 12.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bowlero Corp. More…
| Operations | Investing | Financing |
| 217.79 | -253.22 | 98.96 |
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 |
| 2.84k | 2.54k | 1.73 |
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% | – | 10.3% |
| FCF Margin | ROE | ROA |
| 6.4% | 22.9% | 2.4% |
Analysis
At GoodWhale, we recently conducted an in-depth analysis of BOWLERO CORP‘s wellbeing. Our analysis revealed that BOWLERO CORP is a medium risk investment when it comes to its financial and business aspects. We understand the importance of evaluating businesses and their financial standing before investing and urge people to take the necessary precautions before investing. If you are looking to make an informed decision, we recommend that you register with us to gain access to deeper insights into the financial and business areas with potential risks. You can rest assured knowing that our analysis is based on the latest and most comprehensive data available. 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 reported strong earnings results for their fiscal year 2023 Q4. Total revenue for the quarter was USD 239.4 million, a 10.6% decrease from the same period last year.
However, net income for the quarter was reported at USD 146.2 million – a substantial increase from the 6.9 million reported in the same quarter last year. This positive news caused the stock price to move up on the same day. Investors should consider buying into BOWLERO CORP’s stock as it has potential to generate notable returns, especially given its recent quarterly performance. With investors now confident in the company’s financials, there could be a good opportunity for long-term growth.
Related Posts
Recent Posts
