BOWLERO CORP Reports Record Profits of USD 146.2 Million for FY2023 Q4
September 20, 2023
☀️Earnings Overview
For the fourth quarter of FY2023, BOWLERO CORP ($NYSE:BOWL) reported total revenue of USD 239.4 million and a net income of USD 146.2 million, ending on June 30 2023.
Share Price
On Monday, BOWLERO CORP reported record profits of USD 146.2 million for the fourth quarter of fiscal year 2023. The news caused the BOWLERO CORP stock to open at $10.8 and close at $10.6, up by 4.9% from prior closing price of 10.1. The record profit was driven by strong revenue growth in all business segments, with Sales, General & Administrative costs declining from prior quarters. The company’s CEO praised the results, saying “We are delighted to report record profits for Q4 of FY2023.
This has been a transformational year for BOWLERO CORP and we are proud of our team’s efforts in driving revenue growth and delivering strong operational performance.” Investors reacted positively to the news, with BOWLERO CORP stock rising 4.9% in response. The company also recently announced plans to invest in new technology and expand its product offerings, which is expected to further increase profitability in the coming 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 have been analyzing the financials of BOWLERO CORP and our Star Chart has classified them as a ‘cheetah’ – a company that has high revenue or earnings growth, but is considered less stable due to lower profitability. This type of company may be appealing to investors who are looking for high growth potential, but are willing to accept more risk. In terms of financial health, BOWLERO CORP has an intermediate score of 6/10 with regard to its cashflows and debt. This suggests that the company is likely to be able to pay off debt and fund future operations. Additionally, our Star Chart analysis shows that BOWLERO CORP is strong in terms of growth, medium in terms of profitability, and weak in terms of asset and dividend. 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 has reported a total revenue of USD 239.4 million and a net income of USD 146.2 million for FY2023 Q4, ending June 30 2023. This shows a decrease of 10.6% from the previous year’s total revenue of 6.9 million. Nevertheless, the stock price of BOWLERO CORP moved up the same day, indicating investor confidence in the company. With a proven track record of delivering shareholders value and growth potential, BOWLERO CORP is a stock worth monitoring for potential investing opportunities.
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