BUZZ-Lucky Strike files for mixed shelf offering; shares fall

Reuters
Aug 28
BUZZ-Lucky Strike files for mixed shelf offering; shares fall

** Bowling chain operator Lucky Strike Entertainment's LUCK.N shares fall 1.6% premarket to $10.5, reversing earlier gains

** Co files for mixed shelf offering of up to $1 billion, comprising common and preferred stock, debt securities and warrants

** Shares rose earlier in the session after co reported Q4 rev of $301.2 mln, beating analysts' avg estimate of $294.2 mln - data compiled by LSEG

** Same-store revenue decreased 4.1% vs last year despite overall rev growth

** Co expects FY26 rev between $1.26 bln - $1.31 bln

** "Total growth in those two months reached double digits, powered by the incredible response to our revamped Summer Season Pass program and the continued integration of our recent acquisitions" - CEO Thomas Shannon

** 8 of 11 brokerages rate the stock "buy" or higher, three "hold"; their median PT is $14 - data complied by LSEG

** Up to last close, stock up 6.6% YTD

(Reporting by Avinash P)

((Avinash.P@thomsonreuters.com;))

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