Dozens of former employees plan to sue Bowlero alleging discrimination after EEOC closes case, lawyer says [MSNBC.com]
Bowlero Corp. Class A (BOWL)
Company Research
Source: MSNBC.com
Dozens of former employees who saythey were firedBowleroBowlero, the world's largest owner and operator of bowling centers, had beenembroiled in an EEOC investigationThey alleged in complaints to the EEOC that Bowlero fired them for being too old as it worked to transform its hundreds of locations from what the company has referred to as "dingy" bowling alleys toupmarket experiencesThe company, which went public in late 2021 through a special purpose acquisition company, was among the select successful stocks to emerge from the SPAC boom. It owns two of the biggest brands in bowling — AMF and Lucky Strike — and operated more than 300 bowling centers across North America as of July, which is the most recent data available. Between 2021 and 2023, Bowlero nearly tripled its annual revenue, from $395 million to $1.06 billion, according to company filings. Bowlero's stock is down about 21% year to date, as of Monday's close.On Monday, Bowlero disclosed in its fiscal third-quarter earnings
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BOWL
News
- Bowlero Announces the Acquisition of Thunderbowl Lanes in Michigan [Yahoo! Finance]Yahoo! Finance
- Bowlero Announces the Acquisition of Thunderbowl Lanes in MichiganBusiness Wire
- Bowlero Corp. (NYSE: BOWL) had its price target raised by analysts at Craig Hallum from $17.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Bowlero Corp. (NYSE: BOWL) had its price target lowered by analysts at B. Riley from $19.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Bowlero Corp. (NYSE: BOWL) had its price target lowered by analysts at Roth Mkm from $17.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
BOWL
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/1/24 - Form 4
- BOWL's page on the SEC website