Here's Why Bowlero Stock Crashed Today
Bowlero (BOWL) The Motley Fool·2024-05-07 00:17
The company got off to a slow start in January and it will impact the fiscal year.Shares of bowling entertainment company Bowlero (BOWL -15.77%) crashed on Friday after the company reported financial results for its fiscal third quarter of 2024. As of 10:20 a.m. ET, Bowlero stock was down 18%.A slow start led to a weak quarterIn Q3, Bowlero's revenue was only up 7% year over year to $338 million. The company benefited from new units contributing to the top line. By contrast, existing locations underperforme ...