$LUCK

Lucky Strike Entertainment Corp

CIK:0001840572|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 30, 2024
Total revenues	$ 1,245,318	$ 1,201,333	$ 1,154,614
Costs and expenses
Location operating costs, excluding depreciation and amortization	401,193	375,573	328,551
Location payroll and benefit costs	310,950	284,131	287,206
Location food and beverage costs	96,557	94,553	90,752
Selling, general and administrative expenses, excluding depreciation and amortization	150,867	143,173	148,007
Depreciation and amortization	129,270	156,852	145,364
Loss on impairment and disposal of fixed assets, net	22,128	10,905	61,433
Other operating (income) expense, net	(2,441)	(1,041)	1,711
Total costs and expenses	1,108,524	1,064,146	1,063,024
Operating income	136,794	137,187	91,590
Other (income) expenses
Interest expense, net	205,342	196,371	177,611
Change in fair value of earnout liability	(34,033)	(101,484)	25,456
Other expense	4,939	817	76
Total other expense	176,248	95,704	203,143
(Loss) income before income tax (benefit) expense	(39,454)	41,483	(111,553)
Income tax (benefit) expense	(3,677)	51,505	(27,972)
Net loss	(35,777)	(10,022)	(83,581)
Series A preferred stock dividends	(9,727)	(9,048)	(8,674)
Net loss attributable to common stockholders	(45,504)	(19,070)	(92,255)
Net loss attributable to common stockholders	$ (45,504)	$ (19,070)	$ (92,255)
Net loss per share attributable to Class A and B common stockholders
Basic (in dollars per share)	$ (0.33)	$ (0.13)	$ (0.61)
Diluted (in dollars per share)	$ (0.33)	$ (0.13)	$ (0.61)
Weighted-average shares used in computing net loss per share attributable to common stockholders
Basic (in shares)	136,632,162	142,401,407	151,339,634
Diluted (in shares)	136,632,162	142,401,407	151,339,634
Bowling
Total revenues	$ 561,581	$ 549,895	$ 557,962
Food & beverage
Total revenues	431,066	424,214	401,383
Amusement & other
Total revenues	$ 252,671	$ 227,224	$ 195,269

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 30, 2024
Operating activities
Net loss	$ (35,777)	$ (10,022)	$ (83,581)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	129,270	156,852	145,364
Loss on impairment and disposal of fixed assets, net	22,128	10,905	61,433
Income from equity method investment	(322)	(301)	(614)
Amortization of deferred financing costs	7,788	3,914	3,510
Non-cash interest expense on finance lease obligation	11,558	10,634	9,739
Reduction of operating lease right of use assets	38,429	36,912	34,828
Non-cash portion of gain on lease modification	(3,276)	(903)	(499)
Deferred income taxes	(9,761)	45,871	(34,339)
Share-based compensation	12,627	21,632	13,775
Distributions from equity method investments	267	294	350
Change in fair value of earnout liability	(34,033)	(101,484)	25,456
Changes in assets and liabilities, net of business acquisitions:
Accounts and notes receivable, net	(1,767)	(703)	(3,654)
Inventories	262	(1,767)	(536)
Prepaid expenses, other current assets and other assets	(4,105)	(18,380)	(5,971)
Accounts payable and accrued expenses	3,958	14,165	14,020
Operating lease liability	(30,408)	(14,358)	(26,189)
Other current liabilities	(1,790)	(5,689)	865
Other long-term liabilities	(1,152)	29,649	873
Net cash provided by operating activities	103,896	177,221	154,830
Investing activities
Purchases of property and equipment	(113,680)	(141,066)	(194,319)
Purchases of previously leased assets	(246,795)	0	0
Purchases of intangible assets	(4,663)	0	(259)
Proceeds from sale of property and equipment	0	1,655	0
Proceeds from sale of intangibles	0	0	65
Acquisitions, net of cash acquired	(88,127)	(80,900)	(191,143)
Net cash used in investing activities	(453,265)	(220,311)	(385,656)
Financing activities
Repurchase of Class A common stock into Treasury stock	(35,313)	(72,138)	(254,309)
Proceeds from share issuance	1,216	1,288	1,274
Settlement of equity awards	0	(21,053)	0
Settlement of Series A preferred stock	0	0	(751)
Payments for tax withholdings on share-based awards	(895)	(6,155)	(1,473)
Payment of cash dividends	(34,619)	(33,551)	(24,960)
Payment of long-term debt	(1,283,207)	(10,410)	(12,763)
Proceeds from term loan	1,186,058	150,000	0
Proceeds from Senior Secured Notes	495,866	0	0
Proceeds from bridge term loan	230,000	0	0
Payment of bridge term loan	(230,000)	0	0
Proceeds from Revolver draws	245,000	140,000	175,000
Payoff of Revolver	(175,000)	(110,000)	(175,000)
Proceeds from sale-leaseback financing	0	0	408,510
Proceeds on finance leases	1,481	417	0
Payment on finance leases	(1,732)	(1,615)	(6,322)
Other financing, net	302	0	0
Purchases of previously leased assets	(61,651)	0	0
Payment of deferred financing costs	(9,054)	(923)	(7,049)
Net cash provided by financing activities	328,452	35,860	102,157
Effect of exchange rates on cash	591	(56)	8
Net decrease in cash and cash equivalents	(20,326)	(7,286)	(128,661)
Cash and cash equivalents at beginning of period	59,686	66,972	195,633
Cash and cash equivalents at end of period	$ 39,360	$ 59,686	$ 66,972

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2026	Jun. 29, 2025
Current assets:
Cash and cash equivalents	$ 39,360	$ 59,686
Accounts and notes receivable, net	10,136	7,998
Inventories, net	16,314	15,500
Prepaid expenses and other current assets	37,356	29,366
Assets held-for-sale	756	0
Total current assets	103,922	112,550
Property and equipment, net	1,237,484	944,917
Operating lease right of use assets	514,731	588,594
Finance lease right of use assets, net	324,124	507,701
Intangible assets, net	50,604	45,562
Goodwill	887,823	844,351
Deferred income tax asset	62,225	67,919
Other assets	46,508	48,145
Total assets	3,227,421	3,159,739
Current liabilities:
Accounts payable and accrued expenses	154,261	145,188
Current maturities of long-term debt	9,543	10,162
Current obligations of operating lease liabilities	35,053	33,103
Earnout liability	2,163	0
Other current liabilities	5,955	5,932
Total current liabilities	206,975	194,385
Long-term debt, net	1,771,759	1,300,708
Long-term obligations of operating lease liabilities	541,360	606,692
Long-term obligations of finance lease liabilities	453,097	683,161
Long-term financing obligations	457,737	449,215
Earnout liability	0	36,183
Other long-term liabilities	55,854	56,307
Deferred income tax liabilities	4,440	4,434
Total liabilities	3,491,222	3,331,085
Commitments and Contingencies (Note 11)
Temporary Equity
Series A preferred stock	134,424	127,325
Stockholders’ Deficit
Additional paid-in capital	444,103	472,889
Treasury stock, at cost	(493,676)	(457,917)
Accumulated deficit	(348,958)	(313,181)
Accumulated other comprehensive income (loss)	287	(480)
Total stockholders’ deficit	(398,225)	(298,671)
Total liabilities, temporary equity and stockholders’ deficit	3,227,421	3,159,739
Class A common stock
Stockholders’ Deficit
Common stock	13	12
Class B common stock
Stockholders’ Deficit
Common stock	$ 6	$ 6