BofA warns Fed risks policy mistake with early rate cuts
RICHMOND, Va. - Lucky Strike Entertainment (NYSE:LUCK), a leading operator in the location-based entertainment sector with a market capitalization of $1.41 billion, has successfully completed the acquisition of Visalia Adventure Park, a family entertainment center located in Visalia, California. The 7-acre park, known for its variety of attractions suitable for all ages, has been a community favorite since its inception in 2004. According to InvestingPro data, Lucky Strike has demonstrated strong revenue growth of 8.6% over the last twelve months, positioning it well for this strategic expansion.
Visalia Adventure Park, easily accessible from Highway 198, offers a range of attractions including a modern arcade, bumper boats, high-speed go-karts, an 18-hole miniature golf course, and Sequoia Springs Splash Park, a seasonal water park with numerous waterslides and interactive water features. Lucky Strike aims to elevate the park experience by incorporating its signature entertainment and hospitality offerings, while maintaining the park’s longstanding reputation.
Thomas Shannon, Founder, Chairman, and CEO of Lucky Strike Entertainment, expressed enthusiasm for the acquisition, stating that it represents a significant step in broadening the company’s family entertainment portfolio. Shannon highlighted the company’s commitment to enhancing the Visalia Adventure Park by adding Lucky Strike’s hallmark fun, energy, and hospitality to the already popular destination. InvestingPro analysis reveals that net income is expected to grow this year, with analysts projecting earnings per share of $0.74 for fiscal year 2025. For deeper insights into Lucky Strike’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
Lucky Strike Entertainment, with over 360 locations across North America, is known for its experiential offerings that include bowling, amusements, water parks, and family entertainment centers. The company also owns the Professional Bowlers Association, a major league of bowling that enjoys a substantial global fan base. Currently trading near its 52-week low of $9.61, the stock has seen a total return of -22.67% over the past year, potentially presenting an interesting opportunity for value investors.
The acquisition of Visalia Adventure Park is part of Lucky Strike’s ongoing strategy to deliver world-class experiences and expand its entertainment offerings. The company looks forward to integrating the park into its portfolio and continuing to serve the families that have made it their go-to destination for fun and adventure.
This expansion reflects Lucky Strike’s strategic focus on growth within the family entertainment space. The information for this article is based on a press release statement from Lucky Strike Entertainment Corporation.
In other recent news, Lucky Strike Entertainment reported fiscal second-quarter 2025 earnings that fell short of expectations, with revenue at $300 million, missing the analyst estimate of $318 million. The company also reported an EBITDA of $99 million, below the anticipated $109 million. Despite these results, management maintains its fiscal year 2025 revenue guidance of $1.23 billion to $1.28 billion and EBITDA between $390 million and $430 million. In a significant financial move, Lucky Strike secured $150 million in incremental term loans to support general corporate purposes, potentially including acquisitions. Analyst opinions on Lucky Strike have varied, with Canaccord maintaining a Buy rating and an $18 target, while Oppenheimer reiterated an Outperform rating with a $15 target. However, JPMorgan downgraded the stock from Overweight to Neutral and lowered the price target to $12, citing challenges in the pricing environment. The company is also planning a rebranding initiative, converting 75 Bowlero locations to the Lucky Strike name over the next two years. This expansion strategy includes developing Family Entertainment Centers, which will constitute about half of the new builds or acquisitions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.