Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why Bowlero Stock Popped on the Market's Down Day

TheMotleyFool

0 0

Here's Why Bowlero Stock Popped on the Market's Down Day: https://g.foolcdn.com/editorial/images/764011/bowling-ball-with-pins-in-the-backgroun.jpg

Shares of bowling company Bowlero (NYSE: BOWL) popped on Monday, even though the market was down. The company reported strong financial results for its fiscal second quarter of 2024 and announced some shareholder-friendly moves. And that's why Bowlero stock was up almost 14% as of 11:45 a.m. ET.

Bowlero's Q2 ended on Dec. 31. The company owns 350 bowling centers and also owns the Professional Bowlers Association.

In Q2, Bowlero generated revenue of $306 million, up almost 12% year over year. Same-store sales were roughly flat, meaning that its higher revenue came from adding three new locations during the quarter.

Source Fool.com

Like: 0

BOWL

Share