...April 15, 2025 We expect 4%-6% overall revenue growth this year from continued new center development and renovations curbed by 1%-2% same-store sales (SSS) declines. Through the first half of fiscal 2025 (ended Dec. 29, 2024), Lucky Strike Entertainment's (Lucky Strike) revenue grew 5%. The higher sales were supported by the opening of newly acquired and leased bowling centers over the last 12 months, partially offset by 3% same-store sales contraction. Traffic and check declines in the corporate events business amid recent macroeconomic pressures and unfavorable holiday calendar shifts drove the SSS decrease. While we expect tighter corporate spending and a trade-down trend favoring value over premium purchases to persist, we project low-single-digit percent SSS growth in the second half of the year, driven by traffic-driving initiatives, including happy hours and a rebranding of roughly 20% of the store base (75 stores by year end) under the Lucky Strike banner. The Lucky Strike brand...
