Lucky Strike Entertainment reported higher first-quarter fiscal 2027 revenue, helped by its first full summer with two new water parks, but same-store sales fell and its net loss widened. The company also continued its bowling-brand transition, unveiling a refreshed AMF identity and converting 42 more locations to the Lucky Strike brand during the quarter.
The quarter ended September 27, 2026. CEO Thomas Shannon said same-store performance improved each month, with September returning to growth, but called reversing the decline the company’s priority.
Key details
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Revenue rose 3.5% to $302.6 million from the year-earlier quarter. Same-store revenue, which excludes the effect of openings and other changes in the location base, fell 2.6%.
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The net loss widened to $25.7 million from $13.8 million. Adjusted EBITDA was $72.1 million, compared with $72.7 million a year earlier.
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Cash from operations improved: Lucky Strike generated $17.1 million, versus $6.4 million used in the prior-year quarter. Capital spending fell to $21.5 million from $25.9 million.
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Performance varied by business line. The company cited declines in retail bowling, including walk-in business, and in alcohol sales. It said events, leagues, food and non-alcoholic beverages grew. Shannon said events had matched or exceeded the prior year for six consecutive months, and holiday bookings were ahead, led by corporate events.
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The brand conversion continued. Lucky Strike refreshed the AMF brand and converted 42 additional locations to Lucky Strike during the quarter. It had 182 Lucky Strike locations as of November 5.
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The company had 366 locations in operation as of November 5.
Additional disclosure
Lucky Strike scheduled a webcast to review the quarter for November 5 at 9 a.m. Eastern. Its presentation and future investor updates are available on the company’s investor-relations website for a limited time.
Plain-English implications
Revenue growth coincided with a decline in same-store sales, while adjusted EBITDA was nearly unchanged and the net loss increased. The company attributed part of its revenue growth to the first full summer with two new water parks; its comments on same-store trends point to weaker walk-in bowling and alcohol sales alongside growth in events, leagues and food.