Lucky Strike Entertainment reported a 4% increase in annual revenue to $1.245 billion for the fiscal year ended June 29, 2026, though adjusted EBITDA fell to $333 million from the prior year. Same-store sales improved to a decline of 0.2%, marking a 3.5 percentage point improvement from fiscal 2025 and the strongest comparable performance since 2023.
The company’s water park segment posted a significant rebound, with revenue rising to $56 million over the trailing 12 months through July, up from $23 million in the prior year. EBITDA for the segment reached $22 million, doubling from $11 million. Boomers Parks EBITDA nearly doubled to $11 million. Retail bowling and shoe revenue increased 2.9% on a comparable basis, leagues rose 3.6%, and food sales climbed 8%. Excluding California, comparable sales grew 0.9%, while the California market declined 4%.
Capital expenditures totaled $114 million in fiscal 2026, down 19% from $141 million the prior year and $80 million below the 2024 level. Marketing spend increased from $17 million to $30 million, representing roughly 2.5% to 3% of revenue, and quarterly impressions surged from 75 million to 350 million. Gross profit margin remained at 62%, while four-wall EBITDA margins for pre-2022 properties stood at 42%, compared with 30% for newer investments. The long-term margin target remains 30% to 32%.
Management cited external disruptions in June 2026, including a five-week stretch of heavy at-home sports viewing and weather-related attendance declines at Raging Waves near Chicago due to cooler temperatures and above-normal rainfall. The company also noted the impact of the World Cup, which began on home soil on June 11, 2026, and drew roughly 66 million viewers for the July 19 final—the largest American TV audience since the Super Bowl. CEO Thomas Shannon emphasized that without these factors, full-year comparable sales would likely have been positive.
For fiscal 2027, Lucky Strike guided adjusted EBITDA to $340 million to $360 million, with same-store sales growth expected between 1% and 3%. Water park EBITDA is projected at $28 million to $33 million, while Boomers Parks EBITDA is seen at $10 million to $15 million. Capital expenditures are forecast at about $90 million, with free cash flow targeted at roughly $50 million, excluding asset sale proceeds. The company plans to divest about 10 EBITDA-negative properties in the year ahead.
