Lucky Strike Entertainment Corporation (LUCK) Earnings
Lucky Strike Entertainment Corporation is expected to report next earnings on August 27, 2026 (in NaN days), with a consensus EPS estimate of $-0.05. LUCK has beaten EPS estimates in 1 of its last 9 reported quarters (average surprise -217.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.17 | $0.10 | -41.2% | $342M | -3.3% |
| Feb 4, 2026 | $0.19 | $-0.11 | -158.9% | $307M | -13.5% |
| Aug 28, 2025 | $-0.07 | $-0.49 | -600.0% | $301M | +7.6% |
| May 8, 2025 | $0.23 | $0.07 | -69.6% | $340M | +14.2% |
| Feb 5, 2025 | $0.06 | $0.06 | +0.0% | $300M | -19.1% |
| Jun 30, 2024 | — | $-0.40 | — | $284M | — |
| Mar 31, 2024 | $0.23 | $0.15 | -35.0% | $338M | -1.1% |
| Dec 31, 2023 | $0.12 | $-0.42 | -462.1% | $306M | +1.7% |
| Sep 30, 2023 | $-0.07 | $0.11 | +258.7% | $227M | -0.6% |
| Jun 30, 2023 | — | $0.84 | — | $239M | — |
| Dec 31, 2022 | $0.16 | $0.01 | -94.4% | $273M | +6.4% |
| Sep 30, 2022 | — | $-0.21 | — | $230M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Took substantial cost actions: reduced in-center labor hours by approximately 97,000 hours over 12 weeks, reduced corporate field and sales head count generating over $6 million annualized savings. • ORCA AI system aggregates operational data, reduced excess post-close hours from ~2,000 per week to ~300, with potential for high teens to mid 20 millions of dollars annual savings from optimizing clocking in time. • Brand consolidation: ~115 Lucky Strike conversions out of 225 ultimate target, expect to be substantially complete by next year, leading to step down in capital expenditures. • AI-related layoffs causing some softness in corporate event demand, but longer-term effects favorable.
Guidance
• Updated fiscal 2026 outlook: total revenue growth of plus 4% to 5%, adjusted EBITDA of approximately $345 to $350 million, capital expenditures of approximately $120 million. • Goal to reach at least $2 free cash flow per share over next 12 months through EBITDA growth, CapEx discipline, and opportunistic share repurchases while keeping net debt flat. • Water parks expected to add ~$18 million incremental EBITDA this summer, with vast majority in September quarter.
Segment performance
Total revenue grew to $342.2 million, up from $339.9 million in the prior year period. Same-store sales comp was plus 0.2% for the March quarter, with January same-store sales up plus 5.5% but disrupted by winter storms and macro events. Excluding West Coast markets, the rest of the company comped plus 1.9%. Water park portfolio set to add approximately $18 million of incremental EBITDA this summer, with vast majority in September quarter. Family entertainment centers continue to perform ahead of plan.
Risks & headwinds
• Disruptions from extraordinary weather events like winter storms and macro events like Middle East military action impacting sales. • AI-related layoffs causing softness in corporate event demand in the short term. • Uncertainty around consumer response to elevated gas prices, geopolitical shocks, and inflation affecting spending patterns.
Analyst Q&A
Q: Steve Wyzynski asked about consumer impact from Middle East war and spend patterns.
A: Tom said leisure-based entertainment space took big hit, gas prices on West Coast high, consumer confidence low, but recent period was effectively flat.
Q: Steve Wyzynski asked about same-store sales progression.
A: Tom said January up 5.5%, February up 1%, March down 7%, April flat, focused on flat now.
Q: Jeremy Hamlin asked about water park season passes and pricing.
A: Tom said season pass sales roughly flat, upgraded parks, introduced family unlimited package.
Q: Mark McIntyre asked about capex and M&A.
A: Tom said CAPEX to decline, looking at water park projects, opportunistic on M&A, committed to no more incremental leverage.
Q: Eric Wolff asked about water park enhancements and F&B/amusement spending.
A: Tom said did work in off-season, saw softness in amusement and California, strength in NY, FL, IL.
Q: Matthew Boss asked about business performance in elevated gas prices and flat April performance.
A: Tom said business rebounded from crises, short-lived impact, revenue poised to rebound.
Q: Bobby asked about EBITDA margin.
A: Bobby said current margin anomaly due to marketing spend and acquisition, confident in low 30s long-term margin.
Q: Eric Handler asked about food and beverage behavioral changes.
A: Tom said good tailwind from new menu.
Q: Michael Kupinski asked about corporate vs social event bookings.
A: Tom said corporate bounced back except CA, social up but not as much, week strong, less corporate on weekends.
Q: Ian Zaffino asked about corporate events and arcade performance.
A: Tom said AI creates efficiencies, arcade follows traffic.
Q: David Hargreaves asked about revolver and leverage.
A: Tom said revolver to come down, no leverage covenant, little price change in quarter