Lucky Strike Entertainment cited uncertainty around the US election as one of the reasons for a fall in revenue in its Q2 2025 financial results.
The bowling operator's revenue decreased by 1.8 per cent to US$300.1m from $305.7m in the previous year. Same store revenue was also down 6.2 per cent on the prior year.
Founder, chairman and CEO, Thomas Shannon, said: “This most recent quarter came with heightened macroeconomic uncertainty. We began the quarter with the corporate events business on hold due to concerns over the election outcome. Compounding this was Thanksgiving falling later in the year, shortening the corporate holiday events window by about a third. And finally, New Year's Eve fell into our next quarter vs being in the second quarter last year.
“Our sticky leagues business continued to grow, and retail walk-in customer traffic has been steady despite headlines of the weak consumer.”
The period saw Lucky Strike open four new build centres, as well as acquiring one bowling location, six FECs and a water park. It takes the company’s overall number of locations in operation to 364.
Bobby Lavan, chief financial officer, added: “In the quarter, we acquired Boomer’s which added six family entertainment centres and one stunning water park to our portfolio. Those assets operate at losses during the winter periods and generate significant cash flow during the summer months. We look forward to incremental earnings during our seasonally slow fourth and first quarters.”
Looking ahead, the company says that it expects total revenue to be up over 10 per cent year-on-year.
