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NEW YORK - On Wednesday, Lucky Strike Entertainment Corporation (NYSE:LUCK) reported fourth-quarter revenue that fell short of analyst expectations.
The company’s shares dipped -0.45% in after-hours trading following the earnings release.
The location-based entertainment operator posted revenue of $300.1 million for the quarter ended December 29, 2024, missing the consensus estimate of $318.8 million. Revenue decreased 1.8% compared to $305.7 million in the same quarter last year.
Lucky Strike cited macroeconomic uncertainty and a shortened corporate holiday events window as factors impacting results. Same-store revenue declined 6.2% YoY.
Despite the revenue miss, the company reported net income of $28.3 million, compared to a loss of $63.5 million in the prior-year period. Adjusted EBITDA came in at $98.8 million, down from $103.1 million last year.
"This most recent quarter came with heightened macroeconomic uncertainty," said CEO Thomas Shannon. "We began the quarter with the corporate events business on hold due to concerns over the election outcome."
For fiscal year 2025, Lucky Strike reiterated guidance for revenue of $1.23 billion to $1.28 billion, in line with analyst expectations of $1.25 billion.
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