LUCK — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-08-27

• We operate in the leisure industry, which includes entertainment, dining, and amusements. The leisure industry is comprised of a large number of venues ranging from small to large, heavily themed destinations. The out-of-home

• entertainment market includes concepts that are broad family entertainment locations, such as amusement parks, movie theaters, sporting events, sports activity locations, and arcades. We believe we are well-positioned with our competitive advantages to grow our revenues and profitability, especially…

• We currently operate four locations in Mexico and one in Canada. Our Mexican and Canadian locations, combined, represented approximately $13,153 and $12,530 in revenues for the fiscal years 2026 and 2025, respectively, and have combined assets of $30,334 and $27,407 as of June 28, 2026 and June 29, …

Text removed vs the prior filing · source: 10-K · 2025-08-28

• We operate in the leisure industry, which includes entertainment, dining, and amusements. The leisure industry is comprised of a large number of venues ranging from small to large, heavily themed destinations. The out-of-home entertainment market includes concepts that are broad family entertainment…

• We currently operate four locations in Mexico and two in Canada. Our Mexican and Canadian locations, combined, represented approximately $12,530 and $14,003 in revenues for the fiscal years 2025 and 2024, respectively, and have

• combined net assets of $27,407 and $29,772 as of June 29, 2025 and June 30, 2024, respectively. Our foreign operations are subject to various risks of conducting businesses in foreign countries, including changes in foreign currencies, laws, regulations, and economic and political stability.

Text added vs the prior filing · source: 10-K · 2026-08-27

• Visiting our locations is a discretionary purchase for consumers; therefore, our business is susceptible to economic slowdowns and recessions. We are dependent in particular upon discretionary spending by consumers living in the communities in which our locations are located. A significant weakening…

• streaming and delivery. Our failure to compete favorably in the competitive out-of-home and home-based entertainment markets could have a material adverse effect on our business, results of operations and financial condition.

• •increasing our vulnerability to general economic and industry conditions;

• Our servers and those of third parties used in our business may be vulnerable to cybersecurity attacks, computer viruses (including worms, malware, ransomware and other destructive or disruptive software or denial of service attacks), physical or electronic break-ins and similar disruptions and coul…

• Our use of artificial intelligence technologies, and our ability to keep pace with our competitors’ use of such technologies, presents operational, reputational, legal and competitive risks that could adversely affect our business.

Text removed vs the prior filing · source: 10-K · 2025-08-28

• Visiting our locations is a discretionary purchase for consumers; therefore, our business is susceptible to economic slowdowns and recessions. We are dependent in particular upon discretionary spending by consumers living in the communities in which our locations are located. A significant weakening…

• limited number of our locations. Additionally, we rely on our network of suppliers to properly handle, store, and transport our ingredients for delivery to our locations. Failure by our suppliers, or their suppliers, could cause our ingredients to be contaminated, which could be difficult to detect …

• disruptions could be prolonged. Our reliance on systems operated by third parties also presents the risks faced by the third party’s business, including the operational, cybersecurity, and credit risks of those parties. If those systems were to fail or otherwise be unavailable, and we were unable to…

• Our servers and those of third parties used in our business may be vulnerable to cybersecurity attacks, computer viruses (including worms, malware, ransomware and other destructive or disruptive software or denial of service attacks),

• physical or electronic break-ins and similar disruptions and could experience directed attacks intended to lead to interruptions and delays in our service and operations as well as loss, misuse, theft or release of proprietary, confidential, sensitive or otherwise valuable company or subscriber data…

Text added vs the prior filing · source: 10-K · 2026-08-27

• During the fiscal year ended June 28, 2026, Lucky Strike Entertainment continued to execute on its long-term growth strategy, delivering total revenue growth of 4% and further expanding its three core verticals: bowling, water parks, and FECs. The following summarizes the Company’s significant devel…

• •Property Acquisition from Carlyle: The Company acquired 58 existing properties that were previously subject to a master lease agreement with Carlyle for aggregate consideration of $306,000. The acquired portfolio spans 16 states and includes prime locations in California, Illinois, Georgia, Arizona…

• •Water Park and FEC Acquisitions: The Company completed the acquisitions of Wet ‘n Wild Emerald Pointe water park, Raging Waters Los Angeles water park, Castle Park, and two additional Boomers Parks locations, further expanding the Company’s water park and FEC portfolio.

• •New Location Opening: The Company completed construction of and opened a newly built Lucky Strike entertainment location in Southern California.

• •Lucky Strike Rebrand Initiative: The Company continued to make meaningful progress on the Lucky Strike rebrand initiative with 88 locations converted. As of June 28, 2026, we had 132 Lucky Strike locations.

Text removed vs the prior filing · source: 10-K · 2025-08-28

• Lucky Strike’s results for the fiscal year ended June 29, 2025 exhibited the planned fiscal year 2025 reinvestment in the business through acquisitions, new builds, and conversions. To highlight the Company’s recent activity during the fiscal year ended June 29, 2025:

• •We rebranded the Company from Bowlero to Lucky Strike Entertainment.

• •We completed and opened four newly-built Lucky Strike locations in prime markets.

• •We completed the acquisitions of Boomers Parks (inclusive of Big Kahuna’s water park), Spectrum Entertainment Complex, Adventure Park, and Shipwreck Island water park to further enhance our location-based entertainment offerings.

• •We acquired 66 acres of land adjacent to Raging Waves water park for further expansion.