Bowlero Jumps Following Q4 Earnings Beat

© Reuters

By Yasin Ebrahim 

Investing.com – Bowlero jumped in afterhours Thursday after reporting mixed fourth-quarter results as earnings beat, but revenue missed Wall Street estimates.

Bowlero Corp (NYSE:) rose more than 7% in afterhours trading. 

The bowling center operator and owner earnings of 7 cents on revenue of $191.6 million, compared with estimates for 5 cents on revenue of $195.3 million. 

Revenue grew 68.3% in the fourth quarter from the same period a year ago, driven by “continued strong growth in walk in retail and accelerated further by significant growth in event revenue,” the company said. 

“We continue to see very strong demand in our bowling centers, which is driving significant same store sales growth relative to both prior year and pre-pandemic levels,” it added.