Winners And Losers Of Q4: Bowlero (NYSE:BOWL) Vs The Rest Of The Leisure Facilities Stocks

Let's dig into the relative performance of Bowlero (NYSE:BOWL) and its peers as we unravel the now-completed Q4 leisure facilities earnings season.

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.

The 10 leisure facilities stocks we track reported a slower Q4; on average, revenues beat analyst consensus estimates by 3.4% while next quarter's revenue guidance was 21.6% below consensus. Stocks have faced challenges as investors prioritize near-term cash flows, but leisure facilities stocks held their ground better than others, with the share prices up 11.6% on average since the previous earnings results.

Bowlero (NYSE:BOWL)

Operating over 300 locations globally, Bowlero (NYSE:BOWL) is a contemporary bowling company merging classic lanes with entertainment and deluxe food offerings.

Bowlero reported revenues of $305.7 million, up 11.8% year on year, topping analyst expectations by 1.7%. It was a weaker quarter for the company, with a miss of analysts' earnings estimates.

“Second quarter fiscal year 2024 saw double-digit total growth, amplifying our ability to grow the business despite difficult comparatives as we come out of the record-breaking COVID rebound. Our acquisition of Lucky Strike represents a major milestone for the Company as we focus on higher revenue properties and continue to grow our location count. That deal brought together flagship properties with our best-in-class operators and event sales platform, driving results higher than expectations. We are expanding the well-known Lucky Strike brand by opening our first Lucky Strike new build in Moorpark, California, and the new Lucky Strike Miami will soon follow.,” said Thomas Shannon, Founder and Chief Executive Officer of Bowlero.

The stock is up 12.9% since the results and currently trades at $13.11.

Is now the time to buy Bowlero? Access our full analysis of the earnings results here, it's free.

Best Q4: Life Time (NYSE:LTH)

With over 150 locations and gyms that include saunas and steam rooms, Life Time (NYSE:LTH) is an upscale fitness club emphasizing holistic well-being and fitness.

Life Time reported revenues of $558.8 million, up 18.2% year on year, in line with analyst expectations. It was a strong quarter for the company, with a solid beat of analysts' earnings estimates and revenue guidance for next quarter exceeding analysts' expectations.

Life Time scored the highest full-year guidance raise among its peers. The stock is up 19.4% since the results and currently trades at $14.84.

Is now the time to buy Life Time? Access our full analysis of the earnings results here, it's free.

Slowest Q4: Six Flags (NYSE:SIX)

Sporting the fastest rollercoaster in the United States, Six Flags (NYSE:SIX) is a regional theme park operator offering thrilling rides, entertainment, and family-friendly attractions.

Six Flags reported revenues of $292.6 million, up 4.5% year on year, falling short of analyst expectations by 1.7%. It was a weak quarter for the company, with a miss of analysts' revenue and earnings estimates.

The stock is up 2.5% since the results and currently trades at $25.2.

Read our full analysis of Six Flags's results here.

Vail Resorts (NYSE:MTN)

Founded by two Aspen, Colorado ski patrol guides, Vail Resorts (NYSE:MTN) is a mountain resort company offering luxury experiences in over 30 locations across the globe.

Vail Resorts reported revenues of $1.08 billion, down 2.2% year on year, falling short of analyst expectations by 6.5%. It was a weak quarter for the company, with a miss of analysts' visitors estimates and a miss of analysts' revenue estimates.

Vail Resorts had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is up 0.9% since the results and currently trades at $226.7.

Read our full, actionable report on Vail Resorts here, it's free.

Planet Fitness (NYSE:PLNT)

Founded by two brothers who purchased a struggling gym, Planet Fitness (NYSE:PLNT) is a gym franchise which caters to casual fitness users by providing a friendly and inclusive atmosphere.

Planet Fitness reported revenues of $285.1 million, up 1.4% year on year, surpassing analyst expectations by 1%. It was a mixed quarter for the company, with a narrow beat of analysts' revenue estimates.  Looking ahead, the company's full-year 2024 revenue and EPS guidance fell short as Planet Fitness focuses on rolling out its New Growth Model to franchisees.

The stock is down 4.8% since the results and currently trades at $62.66.

Read our full, actionable report on Planet Fitness here, it's free.

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