Here's Why Bowlero Stock Crashed Today [Yahoo! Finance]
Bowlero Corp. Class A (BOWL)
Company Research
Source: Yahoo! Finance
As of 10:20 a.m. ET, Bowlero stock was down 18%. A slow start led to a weak quarter In Q3, Bowlero's revenue was only up 7% year over year to $338 million. The company benefited from new units contributing to the top line. By contrast, existing locations underperformed, with same-store sales falling 2.1%. Management said that bad weather led to poor traffic in January before same-store sales turned positive in the quarter's final two months. In part due to the slow start in Q3, Bowlero's management updated its full-year financial guidance. For fiscal 2024, it had been forecasting 10% to 15% year-over-year growth. Now management says it will be on the low end of that guidance. It also says that it will be at the low end of guidance for adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA Investors didn't like hearing that and Bowlero stock consequently fell. Is Bowlero stock a good deal? The low end of Bowlero's guidance calls for $365 million i
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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