Lucky Strike Entertainment Corp (BOWL)

Bowlero Corp Stock (BOWL) dropped by 16.7% from $14.06 to $11.71 in the trading on Thursday May 18, 2023. The reason why BOWL stock down today is due to the reaction of investors on its forward guidance. Bowlero investors are feeling the sting after management issued a dismal Q4 outlook. Projected revenue and adjusted EBITDA resemble the underwhelming Q1 figures, indicating a substantial year-over-year decline. This disappointing guidance likely falls short of Wall Street expectations, contributing to the recent stock dip.