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. Church & Dwight Down 6% As Outlook Comes In Lower Than Estimates
  2. Cryptos Subdued Ahead Of Earnings Updates From Wall Street’s Tech Space
  3. Cryptos Subdued But Bitcoin Firm Above $30k
  4. Bitcoin Poised for Explosive Growth to $190,000 After Crossing the $30,000 Threshold, Analyst Says
  5. Yusko on BlackRock's Bitcoin ETF & Crypto Future"