1159 ET - Lucky Strike Entertainment should be benefiting from an ongoing positive albeit normalization trajectory through the first two months of the quarter, Jefferies analysts say in a research note. The bowling alley chain saw an increase of 0.9% in visits on November from a 2.2% decline last year, the analysts say, citing their own foot traffic data. "Lucky Strike Entertainment continues to execute well on the roll-up story through its proven playbook, which includes acquisitions, new center builds, and ongoing center conversions, all while driving shareholder value," the analysts add. "With shares trading near all-time lows, we view this as a buying opportunity." (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
December 17, 2024 11:59 ET (16:59 GMT)
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