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Bowlero Corp. Swings To Loss In Q4

September 05, 2024 — 06:04 pm EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Bowlero Corp. (BOWL), Thursday reported loss in the fourth quarter, largely due to an increase in asset impairment charges and a loss on sale of assets.

Loss for the quarter totaled $62.2 million compared with profit of $146.2 million last year.

Analysts, on average, polled by Thomson Reuters expected a loss of $0.02 per share.

Revenue increased to $283.9 million from $239.4 million in previous year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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