Shares of Lucky Strike Entertainment Corporation (NYSE: LUCK) tumbled 7.21% in pre-market trading on Thursday after the company reported third-quarter earnings that fell significantly short of analyst expectations.

The entertainment giant posted quarterly earnings of $0.07 per share, missing the analyst consensus estimate of $0.23 by a whopping 69.57%. This represents a stark 46.15% decrease from earnings of $0.13 per share in the same period last year, highlighting a concerning downward trend in the company's profitability.

Lucky Strike's sales figures also disappointed investors. The company reported quarterly revenue of $339.88 million, falling short of the analyst consensus estimate of $357.74 million by 4.99%. While this represents a slight increase of 0.66% compared to sales of $337.67 million in the same period last year, the growth appears to be stagnating. The combination of missed earnings and revenue targets has clearly rattled investors, leading to the significant pre-market sell-off.