Tuesday, April 26, 2022

Bowlero (BOWL)
A Sanguine Outlook

Bowlero Corp. is the worldwide leader in bowling entertainment. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 26 million guests each year through a family of brands that includes Bowlero, Bowlmor Lanes, and AMF. Bowlero Corp. is also home to the Professional Bowlers Association, which it acquired in 2019 and which boasts thousands of members and millions of fans across the globe. For more information on Bowlero Corp., please visit BowleroCorp.com.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Noblecon 18 highlights.  Tom Shannon, CEO, provided a compelling update on the company’s recent success and planned developments. Some of the topics discussed include: the company’s compelling roll-up strategy, inflationary effects, continued COVID recovery, cost reductions, and the upcoming beta testing of new in-center features. The full video of the presentation can be found here.

COVID recovery still a boost.  Bowlero experienced a favorable revenue rebound as the country emerged from lockdowns, with revenue growth 177% year-over-year in the most recent quarter. Those results, however, did not reflect a full recovery. Notably, the retail and event-driven businesses are now rebounding in locations like New York. This rebound could lead toward positive upside revenue and …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.