Bowlero Corp Reiterated FY24 Revenue Of $1.14B - $1.19B Vs. $1.16B Est., Expects Q2 Revenue $295M-$310M Vs $299.71M Est
Portfolio Pulse from Benzinga Newsdesk
Bowlero Corp has reiterated its FY24 revenue guidance of $1.14B - $1.19B, which is in line with the estimated $1.16B. The company also expects Q2 revenue to be between $295M-$310M, compared to the estimated $299.71M. The company plans to heavily reinvest in the business in FY24, with over $160M allocated to acquisitions, $40M to new builds, and $75M to conversions.
November 07, 2023 | 12:40 pm
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Bowlero's reiterated FY24 revenue guidance aligns with estimates, indicating stable financial performance. Planned heavy reinvestment could drive future growth but may impact short-term profitability.
Bowlero's revenue guidance for FY24 is in line with estimates, suggesting that the company's financial performance is stable. However, the company's plan to heavily reinvest in the business, while potentially beneficial for long-term growth, could impact short-term profitability and thus investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100