Lucky Strike Entertainment (LUCK) shares declined 14% in recent Thursday trading after the company said it will not provide guidance at this time because of increasing economic uncertainty.

"We intend to reassess our approach to forward-looking guidance later in the year," the company said in its fiscal Q3 earnings release.

Lucky Strike reported fiscal Q3 net income of $13.3 million, down from $23.8 million a year earlier.

Analysts polled by FactSet expected $36.4 million.

Revenue for the quarter ended March 30 was $339.9 million, up from $337.7 million a year earlier.

Analysts surveyed by FactSet expected $357.7 million.

Price: 8.04, Change: -1.53, Percent Change: -16.02