# Lucky Strike Q1 2027 Earnings Report

> Lucky Strike reports 3.5% revenue growth with water parks driving expansion despite retail decline.
- Title: Lucky Strike Q1 2027 Earnings Report · The Motley Fool
- Summary: Lucky Strike reports 3.5% revenue growth with water parks driving expansion despite retail decline.
- Keywords: lucky strike, q1 2027, earnings call, water parks, revenue growth, alcohol sales, deleveraging, capital expenditures, adjusted ebitda, same-store revenue, The Motley Fool
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/11/06/lucky-strike-luck-q1-2027-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-11-06T15:38:16+00:00
- Read time: 2 min
- Topics: lucky strike, q1 2027, earnings call, water parks, revenue growth, alcohol sales, deleveraging, capital expenditures, adjusted ebitda, same-store revenue, finance, money
## Q1 2027 Results
Lucky Strike reported Q1 2027 revenue of $302.6 million, a 3.5% increase driven by water parks and brand conversions.
## Water Park Performance
Water parks generated $25 million EBITDA, up $9 million from prior year due to Raging Waters and Emerald Point ownership.
## Same-Store Revenue
Same-store revenue decreased 2.6% reflecting pressure on retail walk-in bowling and alcohol sales.
## Net Loss
The company reported a net loss of $25.7 million with an 8.5% loss margin compared to 4.7% in Q1 2026.
## Capital Expenditures
Capital expenditures dropped 17% to $21.5 million, the lowest quarterly spend in five years.
## Debt and Leverage
Total debt stood at $1.817 billion with a leverage ratio of 5.5 times last year's adjusted EBITDA.
## Dividend Suspension
The Board suspended the quarterly dividend to retain $35 million annually for debt reduction.
## Fiscal 2027 Guidance
Management reaffirmed revenue guidance of $1.28 billion to $1.31 billion and adjusted EBITDA of $340 million to $360 million.
## Event Sales Growth
Event sales grew 3% supported by six consecutive months of revenue at or above prior year levels through October.
## Payroll Efficiency
Payroll hours decreased 5% at comparable centers, reducing labor costs by $1 million.
## League Revenue
League revenue is projected to grow 3% to 4% for the fall season despite a one-week delay in start dates.
## California Performance
California's performance gap narrowed from 6 percentage points in July to less than 2 percentage points in September.
## Marketing ROI
Marketing ROI improved to 3.2 times from 2.7 times with a 22% increase in web sessions.
## Cash Position
Cash position remained at $38 million, essentially unchanged from the end of the previous fiscal year.
## Deleveraging Target
The company aims to retire $100 million of debt over the next year through free cash flow and asset sales.
## Beverage Strategy
The company is redesigning its beverage program to include zero-proof alcohol and simpler food options.
## Key takeaway

Lucky Strike's Q1 2027 revenue rose 3.5% to $302.6 million as water parks generated $25 million EBITDA, but same-store revenue fell 2.6% due to reduced alcohol sales and retail traffic.