8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

August 27, 2026

Date of Report (date of earliest event reported)

___________________________________

LUCKY STRIKE ENTERTAINMENT CORPORATION

(Exact name of registrant as specified in its charter)

___________________________________

Delaware (State or other jurisdiction of incorporation or organization)	001-40142 (Commission File Number)	98-1632024 (I.R.S. Employer Identification Number)
7313 Bell Creek Road Mechanicsville, Virginia 23111
(Address of principal executive offices and zip code)
(804) 417-2000
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading Symbol	Name of each exchange on which registered
Class A common stock, par value $0.0001	LUCK	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 - Results of Operations and Financial Condition

On August 27, 2026, Lucky Strike Entertainment Corporation (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year 2026, which ended on June 28, 2026. A copy of the Company’s press release is being furnished herewith as Exhibit 99.1.

The information furnished with this Item 2.02 (including the preliminary financial results and related information included in Exhibit 99.1 referenced under Item 9.01 below) of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 7.01 - Regulation FD Disclosure

The Company will host a webcast on August 27, 2026 at 9:00 a.m. Eastern Time to review its financial results for the fourth quarter and fiscal year 2026, which ended on June 28, 2026.

The presentation to be used for the webcast, any future investor presentations or updates thereto will be available on the Company’s website at https://ir.luckystrikeent.com/overview/default.aspx. These presentations will be accessible by the public on such website for a limited period of time.

The information referenced under Item 7.01 of this Current Report on Form 8-K is being “furnished” under “Item 7.01. Regulation FD Disclosure” and, as such, shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall the information be deemed incorporated by reference in any filings under the Securities Act or the Exchange Act.

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.	Description
99.1	Press release of Lucky Strike Entertainment Corporation dated August 27, 2026 reporting financial results for the fourth quarter and fiscal year 2026, which ended on June 28, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	LUCKY STRIKE ENTERTAINMENT CORPORATION
Date: August 27, 2026	By:	/s/ Robert M. Lavan
	Name:	Robert M. Lavan
	Title:	President, Chief Financial Officer, and Treasurer

EX-99.1

Lucky Strike Entertainment Reports Fourth Quarter and Full Year Results for Fiscal Year 2026

•Total Revenue Growth of 0.9% in Fourth Quarter 2026

•Continued expansion of Lucky Strike brand with 159 current Lucky Strike locations

•Continued efforts to deploy capital efficiently, driving long-term returns

RICHMOND, VA. August 27, 2026 – Lucky Strike Entertainment (NYSE: LUCK), one of the world’s premier owner/operators of location-based entertainment, today provided financial results for the fourth quarter and full year of fiscal year 2026, which ended on June 28, 2026.

Quarter Highlights:

•Total revenue increased 0.9% to $303.9 million versus 4Q25

•Same-Store Revenue decreased 2.5% versus 4Q25

•Net loss of $26.2 million versus net loss of $74.7 million in 4Q25

•Adjusted EBITDA of $74.1 million versus $88.7 million in 4Q25

Fiscal Year Highlights:

•Revenue increased 3.7% to $1,245.3 million versus the prior year

•Same Store Revenue decreased0.2% versus the prior year

•Net loss of $35.8 million versus prior year net loss of $10.0 million

•Adjusted EBITDA of $333.2 million versus prior year of $367.7 million

•Added six locations during the fiscal year, five through acquisitions and one new build. Additionally, closed five underperforming locations

•Total locations in operation as of August 27, 2026, were 366

“Fiscal 2026 marked a meaningful step forward for our business, with our strongest same-store sales performance in years and clear momentum across many of our key revenue streams,” said Thomas Shannon, Founder and CEO. “Importantly, that momentum is broadening. Cumulative organic growth was positive through the first eleven months of the fiscal year, with June driving the full-year decline. Leagues grew and accelerated through the spring, food remained strongly positive, retail bowling continued to grow, and Events turned positive in late spring for the first time in years and remained positive throughout the summer. It is the strongest sustained performance we have seen from that business in a long time.”

“June temporarily interrupted that progress. The first World Cup on American soil in a generation drew millions of consumers to their screens on nights they would typically be out, resulting in sharply negative comps for the month and pulling an otherwise positive quarter and year slightly below zero. We believe it is important to distinguish that temporary disruption from the underlying health of the business. Trends improved immediately following the World Cup Final, and this headwind will not repeat next summer. At our waterparks, a cool and wet start to the summer pressured attendance, but strong pricing and disciplined cost management helped protect profitability.”

“Waterparks represented the biggest operational step forward for us this summer. A year ago, we directly managed only a couple of parks. This summer, we operated a diverse portfolio, including our newest park in

Los Angeles, and the organization executed exceptionally well. Per-capita spending increased meaningfully, labor costs declined as we aligned staffing more closely with demand, and both revenue and profitability grew substantially year over year. Importantly, the majority of the summer earnings contribution will be recognized in our September quarter.”

“I have described our business as a coiled spring, and that is exactly how we see it. We are pairing operating momentum with a structurally more disciplined approach to capital allocation. Capital expenditures are down approximately $80 million from their fiscal 2024 peak, and we expect to continue reducing capital spending as we further rationalize the portfolio and complete several existing investment programs. That creates a clear path to meaningfully higher free cash flow and accelerated deleveraging as earnings improve. As we enter fiscal 2027, our guidance is intentionally prudent and reflects the way we are approaching the current environment. We believe the combination of operating momentum, declining capital intensity and financial discipline positions us to deliver profitable growth, stronger free cash flow and a meaningfully improved balance sheet.”

Fiscal Year 2027 Guidance

We remain focused on delivering sustainable, profitable growth and creating meaningful long-term shareholder value. Our strategy is centered on accelerating revenue growth, expanding operating cash flow, and driving higher free cash flow per share through earnings growth and disciplined capital allocation. Looking ahead, our outlook reflects continued organic revenue growth, targeted investments in marketing and technology to strengthen our platform, and incremental contributions from our waterparks in FY27. Together, these initiatives position us to generate stronger cash flow, improve returns on invested capital, and build a more durable earnings growth profile.

Total Revenue Growth:     3% to 5%

Total Revenue:         $1,280M to $1,310M

Adjusted EBITDA:     $340M to $360M

Capital Expenditures:     Approximately $90M

Dividend Declaration

On August 27, 2026, the Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock for the first quarter of fiscal year 2027. The dividend will be payable on September 22, 2026, to stockholders of record on September 8, 2026.

Investor Webcast Information

Listeners may access an investor webcast hosted by Lucky Strike Entertainment. The webcast and results presentation will be accessible at 9:00 AM ET on August 27, 2026, in the Events & Presentations section of the Lucky Strike Entertainment Investor Relations website at https://ir.luckystrikeent.com/

About Lucky Strike Entertainment

Lucky Strike Entertainment is one of the world’s premier location-based entertainment platforms. With over 360 locations across North America, Lucky Strike Entertainment provides experiential offerings in bowling, amusements, water parks, and family entertainment centers. The Company also owns the Professional Bowlers Association, the major league of bowling and a growing media property that boasts millions of fans around the globe. For more information on Lucky Strike Entertainment, please visit IR.LuckyStrikeEnt.com.

Forward Looking Statements

Some of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risk, assumptions, and uncertainties, such as statements of our plans, objectives, expectations, intentions, and forecasts. These forward-looking statements reflect our views with respect to future events as of the date of this release and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs, and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to: our ability to design and execute our business strategy; changes in consumer preferences and buying patterns; our ability to compete in our markets; the occurrence of unfavorable publicity; risks associated with long-term non-cancellable leases for our locations; our ability to retain key managers; risks associated with our substantial indebtedness and limitations on future sources of liquidity; our ability to carry out our expansion plans; our ability to successfully defend litigation brought against us; failure to hire and retain qualified employees and personnel; cybersecurity breaches, cyber-attacks and other interruptions to our and our third-party service providers’ technological and physical infrastructures; catastrophic events, including war, terrorism and other conflicts; public health emergencies and pandemics, such as the COVID-19 pandemic, or natural catastrophes and accidents; fluctuations in our operating results; economic conditions, including the impact of increasing interest rates, inflation and recession; and other factors described under the section titled “Risk Factors” in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) by the Company on August 27, 2026, as well as other filings that the Company will make, or has made, with the SEC, such as Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, except as required by applicable law.

Non-GAAP Financial Measures

To provide investors with information in addition to our results as determined under Generally Accepted Accounting Principles (“GAAP”), we disclose Same Store Revenue and Adjusted EBITDA as “non-GAAP measures”, which management believes provide useful information to investors because each measure assists both investors and management in analyzing and benchmarking the performance and value of our business. Accordingly, management believes that these measurements are useful for comparing general operating performance from period to period, and management relies on these measures for planning and forecasting of future periods. Additionally, these measures allow management to compare our results with those of other companies that have different financing and capital structures. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for revenue or net income as calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. Our fiscal year 2027 guidance measures (other than revenue) are provided on a non-GAAP basis without a reconciliation to the most directly comparable GAAP measure because the Company is unable to predict with a reasonable degree of certainty certain items contained in the GAAP measures without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Such items include, but are not limited to, acquisition-related expenses, share-based compensation, and other items not reflective of the company's ongoing operations.

Same Store Revenue represents total Revenue less Non-Location Related Revenue, Revenue from Closed Locations, Service Fee Revenue, if applicable, and Acquired Revenue. Adjusted EBITDA represents Net Income (Loss) before Interest Expense, Income Taxes, Depreciation and Amortization, Impairment and Other Charges, Share-based Compensation, EBITDA from Closed Locations, Foreign Currency Exchange Loss (Gain), Asset Disposition Loss (Gain), Transactional and other advisory costs, System modernization costs, changes in the value of earnouts, and other.

The Company considers Same Store Revenue as an important financial measure because it provides comparable revenue for locations open for the entire duration of both the current and comparable measurement periods.

The Company considers Adjusted EBITDA as an important financial measure because it provides a financial measure of the quality of the Company’s earnings. Other companies may calculate Adjusted EBITDA differently than we do, which might limit its usefulness as a comparative measure. Adjusted EBITDA is used by management in addition to and in conjunction with the results presented in accordance with GAAP. We have presented Adjusted EBITDA solely as a supplemental disclosure because we believe it allows for a more complete analysis of results of operations and assists investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP.

GAAP Financial Information

Lucky Strike Entertainment Corporation

Consolidated Balance Sheets

(Amounts in thousands)

(Unaudited)

	June 28, 2026		June 29, 2025
Assets
Current assets:
Cash and cash equivalents	$	39,360	$	59,686
Accounts and notes receivable, net	10,136		7,998
Inventories, net	16,314		15,500
Prepaid expenses and other current assets	37,356		29,366
Assets held-for-sale	756		—
Total current assets	103,922		112,550
Property and equipment, net	1,237,484		944,917
Operating lease right of use assets	514,731		588,594
Finance lease right of use assets, net	324,124		507,701
Intangible assets, net	50,604		45,562
Goodwill	887,823		844,351
Deferred income tax asset	62,225		67,919
Other assets	46,508		48,145
Total assets	$	3,227,421	$	3,159,739
Liabilities, Temporary Equity and Stockholders’ Deficit
Current liabilities:
Accounts payable and accrued expenses	$	154,261	$	145,188
Current maturities of long-term debt	9,543		10,162
Current obligations of operating lease liabilities	35,053		33,103
Earnout liability	2,163		—
Other current liabilities	5,955		5,932
Total current liabilities	206,975		194,385
Long-term debt, net	1,771,759		1,300,708
Long-term obligations of operating lease liabilities	541,360		606,692
Long-term obligations of finance lease liabilities	453,097		683,161
Long-term financing obligations	457,737		449,215
Earnout liability	—		36,183
Other long-term liabilities	55,854		56,307
Deferred income tax liabilities	4,440		4,434
Total liabilities	3,491,222		3,331,085
Commitments and Contingencies

	June 28, 2026		June 29, 2025
Temporary Equity
Series A preferred stock	$	134,424	$	127,325
Stockholders’ Deficit
Class A common stock	13		12
Class B common stock	6		6
Additional paid-in capital	444,103		472,889
Treasury stock, at cost	(493,676)		(457,917)
Accumulated deficit	(348,958)		(313,181)
Accumulated other comprehensive income (loss)	287		(480)
Total stockholders’ deficit	(398,225)		(298,671)
Total liabilities, temporary equity and stockholders’ deficit	$	3,227,421	$	3,159,739

Lucky Strike Entertainment Corporation

Consolidated Statements of Operations

(Amounts in thousands)

(Unaudited)

	Three Months Ended				Fiscal Year Ended
	June 28, 2026		June 29, 2025		June 28, 2026		June 29, 2025
Revenues
Bowling	$	128,854	$	128,969	$	561,581	$	549,895
Food & beverage	103,843		104,821		431,066		424,214
Amusement & other	71,251		67,392		252,671		227,224
Total revenues	303,948		301,182		1,245,318		1,201,333
Costs and expenses
Location operating costs, excluding depreciation and amortization	103,976		114,083		401,193		375,573
Location payroll and benefit costs	77,029		70,202		310,950		284,131
Location food and beverage costs	23,841		23,171		96,557		94,553
Selling, general and administrative expenses, excluding depreciation and amortization	40,884		32,736		150,867		143,173
Depreciation and amortization	33,508		40,426		129,270		156,852
Loss on impairment and disposal of fixed assets, net	16,908		6,210		22,128		10,905
Other operating (income) expense, net	(1,792)		(829)		(2,441)		(1,041)
Total costs and expenses	294,354		285,999		1,108,524		1,064,146
Operating income	9,594		15,183		136,794		137,187
Other (income) expenses
Interest expense, net	51,089		49,492		205,342		196,371
Change in fair value of earnout liability	(2,847)		(13,995)		(34,033)		(101,484)
Other expense	5		—		4,939		817
Total other expense	48,247		35,497		176,248		95,704
(Loss) income before income tax (benefit) expense	(38,653)		(20,314)		(39,454)		41,483
Income tax (benefit) expense	(12,479)		54,402		(3,677)		51,505
Net loss	$	(26,174)	$	(74,716)	$	(35,777)	$	(10,022)

Lucky Strike Entertainment Corporation

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)

	Three Months Ended				Fiscal Year Ended
	June 28, 2026		June 29, 2025		June 28, 2026		June 29, 2025
Net cash (used in) provided by operating activities	$	(11,957)	$	22,454	$	103,896	$	177,221
Net cash used in investing activities	(23,583)		(53,899)		(453,265)		(220,311)
Net cash provided by financing activities	16,144		11,935		328,452		35,860
Effect of exchange rate changes on cash	102		108		591		(56)
Net decrease in cash and cash equivalents	(19,294)		(19,402)		(20,326)		(7,286)
Cash and cash equivalents at beginning of period	58,654		79,088		59,686		66,972
Cash and cash equivalents at end of period	$	39,360	$	59,686	$	39,360	$	59,686

Balance Sheet and Liquidity

As of June 28, 2026 and June 29, 2025, our calculation of net debt was as follows:

(in thousands)	June 28, 2026		June 29, 2025
Cash and cash equivalents	$	39,360	$	59,686
Bank debt and loans	1,808,584		1,321,790
Net debt	$	1,769,224	$	1,262,104

As of June 28, 2026 and June 29, 2025, our cash on hand and revolving borrowing capacity was as follows:

(in thousands)	June 28, 2026		June 29, 2025
Cash and cash equivalents	$	39,360	$	59,686
Revolver Capacity	425,000		335,000
Amounts outstanding on Revolver	(100,000)		(30,000)
Revolver capacity committed to letters of credit	(24,122)		(22,422)
Total cash on hand and revolving borrowing capacity	$	340,238	$	342,264

GAAP to non-GAAP Reconciliations

	Three Months Ended		Fiscal Year Ended
(in thousands)	June 28, 2026	June 29, 2025	June 28, 2026	June 29, 2025
Total Revenue - Reported	$303,948	$301,182	$1,245,318	$1,201,333
less: Service Fee Revenue	(456)	(634)	(2,090)	(2,464)
Revenue Excluding Service Fee Revenue	$303,492	$300,548	$1,243,228	$1,198,869
less: Non-Location Related (including Closed Locations)	(6,276)	(9,303)	(21,097)	(31,802)
Total Location Revenue	$297,216	$291,245	$1,222,131	$1,167,067
less: Acquired Revenue	(13,107)	—	(107,125)	(49,831)
Same Store Revenue	$284,109	$291,245	$1,115,006	$1,117,236
% Year-over-Year Change
Total Revenue – Reported		0.9%		3.7%
Total Revenue excluding Service Fee Revenue		1.0%		3.7%
Total Location Revenue		2.1%		4.7%
Same Store Revenue		(2.5)%		(0.2)%

	Adjusted EBITDA Reconciliation
	Three Months Ended		Fiscal Year Ended
(in thousands)	June 28, 2026	June 29, 2025	June 28, 2026	June 29, 2025
Consolidated
Revenue	$303,948	$301,182	$1,245,318	$1,201,333
Net loss - GAAP	(26,174)	(74,716)	(35,777)	(10,022)
Net loss margin	(8.6)%	(24.8)%	(2.9)%	(0.8)%
Adjustments:
Interest expense	51,122	49,492	206,635	196,371
Income tax (benefit) expense	(12,479)	54,402	(3,677)	51,505
Depreciation and amortization	34,051	40,776	130,961	158,527
Loss on impairment, disposals, and other charges, net (1)	21,055	23,920	27,848	28,615
Share-based compensation	3,315	3,677	12,627	21,632
Closed location EBITDA (2)	1,384	(591)	3,599	3,054
Transactional and other advisory costs (3)	2,495	5,353	18,059	17,117
System modernization costs (4)	1,531	—	4,694	—
Changes in the value of earnouts (5)	(2,847)	(13,995)	(34,033)	(101,484)
Other, net (6)	618	409	2,272	2,372
Adjusted EBITDA	$74,071	$88,727	$333,208	$367,687
Adjusted EBITDA Margin	24.4%	29.5%	26.8%	30.6%

(1)For the fiscal year and period ended June 29, 2025 reflects a change in estimate in our self-insurance reserves related to claims that occurred prior to the beginning of the fiscal year, which resulted in a non-cash self-insurance reserve adjustment of $17,710. Also includes non-cash expenses related to impairments, disposals, and asset write-offs.

(2)The closed location adjustment is to remove EBITDA for closed locations. Closed locations are those locations that are closed for a variety of reasons, including permanent closure, newly acquired or built locations prior to opening, locations closed for renovation or rebranding and conversion. If a location is not open on the last day of the reporting period, it will be considered closed for that reporting period. If the location is closed on the first day of the reporting period for permanent closure, the location will be considered closed for that reporting period.

(3)The adjustment for transaction costs and other advisory costs is to remove charges incurred in connection with any transaction, including mergers, acquisitions, refinancing, amendment or modification to indebtedness, and dispositions, in each case, regardless of whether consummated.

(4)The adjustment for system modernization costs represents non-capitalizable third-party consulting, professional, and related costs incurred on discrete initiatives to modernize the Company's technology platforms. They are incremental to, and not part of, the Company's normal, recurring operating expenses. The adjustment excludes depreciation and amortization, recurring software subscription and licensing fees, and costs to operate, support, or maintain the platforms after the applicable initiatives are complete. For the fiscal year ended June 28, 2026, these costs related principally to a discrete initiative to modernize the Company's customer relationship management (CRM) platform.

(5)The adjustment for changes in the value of earnouts is to remove the impact of the revaluation of the earnouts. Changes in the fair value of the earnout liability are recognized in the statement of operations. Decreases in the liability will have a favorable impact on the statement of operations and increases in the liability will have an unfavorable impact.

(6)Other includes the following related to transactions that do not represent ongoing or frequently recurring activities as part of the Company’s operations: (i) non-routine expenses, net of recoveries for matters outside the normal course of business, (ii) severance expense, and (iii) other individually de minimis expenses.

Contacts:

Lucky Strike Entertainment Corporation Investor Relations

IR@LSEnt.com

XML

Cover	Aug. 27, 2026
Cover [Abstract]
Document Type	8-K
Document Period End Date	Aug. 27, 2026
Entity Registrant Name	LUCKY STRIKE ENTERTAINMENT CORPORATION
Entity Incorporation, State or Country Code	DE
Entity File Number	001-40142
Entity Tax Identification Number	98-1632024
Entity Address, Address Line One	7313 Bell Creek Road
Entity Address, City or Town	Mechanicsville
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23111
City Area Code	804
Local Phone Number	417-2000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common stock, par value $0.0001
Trading Symbol	LUCK
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0001840572