Shares of Lucky Strike Entertainment fell 11% in pre-market trading after the company reported fourth-quarter revenue of $303.9 million, below the $311.59 million consensus estimate. The Richmond, Virginia-based entertainment operator posted a net loss of $26.2 million for the quarter ended June 28, an improvement from a $74.7 million loss in the same period a year earlier.
Same-store revenue declined 2.5% year-over-year, while total revenue for the quarter increased 0.9% to $303.9 million from $301.2 million in the prior-year period. For the full fiscal year 2026, revenue rose 3.7% to $1.25 billion, though the company reported a net loss of $35.8 million, compared with a $10.0 million loss in fiscal 2025. Adjusted EBITDA for the year totaled $333.2 million, down from $367.7 million in the prior year.
CEO Thomas Shannon attributed the quarterly shortfall to temporary disruptions, noting that the June World Cup in the U.S. drew consumers away from entertainment venues. "June temporarily interrupted that progress," Shannon said. "The first World Cup on American soil in a generation drew millions of consumers to their screens on nights they would typically be out." He added that trends improved immediately after the World Cup Final and highlighted positive momentum in leagues, food, and events.
For fiscal 2027, Lucky Strike guided total revenue to $1.28 billion to $1.31 billion, with adjusted EBITDA expected between $340 million and $360 million. Capital expenditures are projected at approximately $90 million. The company also declared a quarterly dividend of $0.06 per share, payable on September 22, 2026.
