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. $ETH: CME Group Shows Impeccable Timing With Launch of Its Options on Ether Futures
  2. Cryptos Muted As Fed Hints Of Pain Ahead
  3. Zerto Fontal Cheese, Brie And Camembert Cheeses Recalled
  4. Bitcoin At $70,000? Mike Novogratz Foresees BTC Blasting To New Highs On ETF Prospects
  5. ABB Q2 Profit Weak, Orders Rise; Sees Improvement Ahead; Stock Up