Written by Yassin Ibrahim
Investing.com – Bowlero jumped in the after-hours Thursday after reporting mixed fourth-quarter results with earnings outperforming, but revenue did not miss Wall Street estimates.
Bowlero Corp (NYSE:) is up more than 7% in after-hours trading.
Bowling center operator and owners earn 7 cents on revenue of $191.6 million, compared to estimates of 5 cents on revenue of $195.3 million.
The company said revenue grew 68.3% in the fourth quarter from the same period last year, driven by “continued strong growth in retail and further accelerated by significant growth in event revenue.”
“We continue to see very strong demand in our bowling alleys, which is leading to significant growth in same-store sales compared to the prior year and pre-pandemic levels,” she added.