Bowlero lowered its fiscal 2026 outlook after weaker consumer trends pressured late-quarter performance despite modest revenue growth.
Bowlero reported fiscal third-quarter revenue of $342.2 million, up from $339.9 million a year earlier, as same-store sales rose 0.2% for a second consecutive quarter. The company cited weather disruptions and softer consumer spending late in the period as key challenges.
Management reduced its fiscal 2026 guidance to 4%–5% revenue growth and adjusted EBITDA of $345 million to $350 million. Same-store sales varied by month, with March down 7% and April flat, reflecting uneven demand.
Bowlero highlighted cost savings from AI-driven efficiencies and expects water parks to contribute about $18 million in EBITDA this summer. The company continues converting locations to Lucky Strike while tightening capital expenditures.