Bowlero Q3 2024 GAAP EPS $0.13 Misses $0.26 Estimate, Sales $337.670M Miss $341.414M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bowlero (NYSE:BOWL) reported Q3 2024 earnings of $0.13 per share, missing the consensus estimate of $0.26 by 50%. Sales were $337.670M, missing estimates by 1.10% but marking a 6.95% increase from the previous year.
May 06, 2024 | 1:26 pm
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NEGATIVE IMPACT
Bowlero's Q3 2024 earnings and sales missed analyst estimates, with a significant decrease in EPS compared to last year but a slight increase in sales.
Missing both EPS and sales estimates significantly, especially a 50% drop in EPS year-over-year, is likely to negatively impact investor sentiment and Bowlero's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100