Bowlero Corp. - S&P Global Ratings’ Credit Research

Bowlero Corp.

Bowlero Corp. - S&P Global Ratings’ Credit Research
Bowlero Corp.
Published May 10, 2023
14 pages (4264 words) — Published May 10, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Overview Key strengths Key risks Robust top-line growth and industry-leading EBITDA margins due to diversified product portfolio. Operates in the highly competitive out-of-home entertainment industry. Unique offering of upscale entertainment concepts. Restricted to location-based entertainment industry. Market leader in niche, though fast-growing bowling entertainment industry. High financial leverage and aggressive acquisitive strategy. The company delivered record-level top-line growth in the second quarter fiscal 2023 ended Jan. 1, 2023, surpassing $1 billion in last twelve months (LTM) revenue. Second quarter fiscal 2023 revenue rose 33% to $269 million year over year (YoY), due to strong organic growth in bowling revenue and food and beverage revenue, the impact of Omicron on the prior year quarter, and the addition of eight new stores

  
Brief Excerpt:

...We expect Bowlero to continue strong top-line growth in the first half of 2023 before moderating in the back half of the year. The company delivered record-level top-line growth in the second quarter fiscal 2023 ended Jan. 1, 2023, surpassing $1 billion in last twelve months (LTM) revenue. Second quarter fiscal 2023 revenue rose 33% to $269 million year over year (YoY), due to strong organic growth in bowling revenue and food and beverage revenue, the impact of...

  
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Full Report

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bowlero Corp." May 10, 2023. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bowlero-Corp-2984769>
  
APA:
S&P Global Ratings’ Credit Research. (). Bowlero Corp. May 10, 2023. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bowlero-Corp-2984769>
  
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