Bowlero Corp. Slips 8% Following Q1 Results

On:

Shares of bowling centers operator Bowlero Corp. (BOWL) are down more than 8% Thursday morning following first-quarter results.

The company reported a loss of $33.53 million for the first quarter, compared with profit of $15.56 million a year ago.

The latest quarter included a non-cash expense of $40.76 million related to the revaluation of the earnouts from the successful de-SPAC transaction.

Excluding one-time items, the company registered a profit of $7.23 million.

Revenue in the first quarter increased 27.2%, year-over-year to $230.26 million.

BOWL, currently at $12.64, has been trading in the range of $6.96-$15.28 in the last 52 weeks.

Source: Read Full Article

Lates News:
  1. Bloomberg Expert Analyst Explains Why A Fall To $10,000 Isn’t Bad For Bitcoin
  2. Analyst Predicts Bitcoin Boom Due to U.S. Debt, Money Debasement, and Global Trends
  3. Analyst Views on Future U.S. SEC Spot Bitcoin ETF Approval and its Impact on Bitcoin Price
  4. First Republic Bank Shares Plunge; To Privately Place $125 Mln Of Shares
  5. Evoqua Water Technologies Rises On Better-than-expected Results