Upscale bowling alley chain Bowlero (NYSE:BOWL) is expected to be reporting results tomorrow before market hours. Here’s what you need to know.
Bowlero beat analysts’ revenue expectations by 4.4% last quarter, reporting revenues of $260.2 million, up 14.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and full-year revenue guidance slightly topping analysts’ expectations.
Is Bowlero a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bowlero’s revenue to grow 3.2% year on year to $315.6 million, slowing from the 11.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bowlero has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Bowlero’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Malibu Boats’s revenues decreased 5.1% year on year, beating analysts’ expectations by 4.8%, and Nike reported a revenue decline of 7.7%, topping estimates by 1.8%. Malibu Boats’s stock price was unchanged after the results, and Nike’s price followed a similar reaction.
Read our full analysis of Malibu Boats’s results here and Nike’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month.
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