Q3 2025 Lucky Strike Entertainment Corp Earnings Call Transcript
Key Points
- Lucky Strike Entertainment Corp (LUCK) reported a 0.7% increase in total revenue for the quarter, with significant gains in retail, online, and league segments.
- The company's league business is experiencing low single-digit growth and is described as sticky, high frequency, and high margin.
- Early sales of summer season passes are up over 200% year-over-year, indicating strong consumer interest in local entertainment options.
- New builds and properties launched between September and December 2024 exceeded expectations, generating nearly $8 million in revenue and $4 million in EBITDA.
- The company has a strong liquidity position with $391 million, including $79 million in cash and no borrowing on its revolver.
- Same store sales declined by 5.6%, with the events business facing a high single-digit decline.
- The corporate events segment, particularly in California, experienced double-digit declines due to macroeconomic uncertainty and layoffs in the tech sector.
- The lingering impact of January's fires in Southern California continues to weigh on business performance in that region.
- Adjusted EBITDA decreased compared to the previous year, with same store sales acting as a $19 million headwind for the bottom line.
- The company has removed guidance due to high volatility and uncertainty in the market, making it difficult to predict future performance.
Thank you for standing by. My name is Leslie, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Lucky Strike Entertainment Third quarter 2025 earnings conference call. All lines have been placed and needs to prevent any background noise.
After the speaker's remarks, there will be a question and answer session. (Operator Instructions). Thank you. I would now like to turn the call over to Bobby Lavin. Please go ahead.
Good morning to everyone on the call. This is Bobby Lavin, Lucky Strike's Chief Financial Officer. Welcome to our conference call to discuss Lucky Strike's third quarter 2025 Earning. Today we issued a press release announcing our financial results for the period ended March 30, 2025. A copy of the press release is available in the investor relations section of our website.
Joining me on the call today are Thomas Shannon, our Founder and Chief Executive, and Lev Ekster, our President. I'd like to remind you that
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