Lucky Strike Entertainment reports Q1 2027 results, suspends dividend and reaffirms guidance
Lucky Strike Entertainment posted first‑quarter fiscal 2027 revenue of $303 million, while same‑store sales fell 2.6% year‑over‑year. Adjusted EBITDA was $72 million and the company reaffirmed its full‑year guidance of $1.28‑$1.31 billion in revenue and $340‑$360 million in EBITDA. Management announced a suspension of the quarterly dividend to free about $35 million a year and target roughly $100 million of debt reduction over the next twelve months.
Why it matters
Oppenheimer kept an Outperform rating and a $10.00 price target, noting the dividend suspension supports deleveraging. The $100 million debt‑paydown plan and lower leverage could improve the company’s credit profile and cash flow outlook.
Key facts
- 1Revenue reached $303 million, beating the $297 million estimate. investing.com
- 2Same‑store sales declined 2.6% year‑over‑year. investing.com
- 3Adjusted EBITDA was $72 million. investing.com
- 4Full‑year revenue guidance is $1.28 billion to $1.31 billion. investing.com
- 5Full‑year adjusted EBITDA guidance is $340 million to $360 million. investing.com
- 6The quarterly dividend was suspended, expected to free approximately $35 million annually for deleveraging. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.