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Bowlero Issues Upbeat FY24 Sales Outlook, Plans Investments

Dow Jones2023-09-11

By Will Feuer

 

Bowlero expects revenue to climb 10% to 15% in the fiscal year ahead and said it plans to pour nearly $300 million into expanding the business.

The company, which owns more than 300 bowling centers, is targeting fiscal 2024 revenue of $1.14 billion to $1.19 billion, up from $1.06 billion in fiscal 2023, which ended July 2. Analysts surveyed by FactSet expected fiscal 2024 revenue of $1.14 billion.

The company also said it has allocated more than $160 million for acquisitions in fiscal 2024, $40 million to construction of new bowling centers and another $75 million toward conversions.

Chief Executive Tom Shannon said the 12 months ahead will be an "investment year."

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

September 11, 2023 08:11 ET (12:11 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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  • 菜鸟老白
    ·2023-09-11
    又想骗我们散户是?
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