Lucky Strike Entertainment Corporation Class A

Good morning and welcome to Lucky Strike Entertainment's fourth quarter 2025 earnings conference call. All participants are in a listen-only mode. After the speaker's remarks, we will conduct a question and answer session. To ask a question at this time, you'll need to press star followed by the number one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Robert Lavin, Chief Financial Officer. Thank you. Please go ahead.

Good morning to everyone on the call. This is Bobby Lavin, Lucky Strike's chief financial officer. Welcome to our conference call to discuss Lucky Strike's fourth quarter 2025 earnings. Today featured a press release announcing our financial results for the period ended June 29th, 2025. A copy of the press release is available in the investor relations section of our website. Joining me on the call today are Thomas Shannon, our founder and chief executive, and Lev Ekster, our president. I'd like to remind you that during today's conference call, we may make certain forward-looking statements about the company's performance. Such forward-looking statements are not guarantees of future performance, and therefore one should not place undue reliance on them. Forward-looking statements are also subject to the inherent risks and uncertainties that could cause actual results to differ materially from those expressed. For additional information concerning factors that could cause actual results to differ from those discussed in our forward-looking statements, you should refer to the cautionary statements contained in our press release, as well as the risk factors contained in the company's filings with the SEC. Lucky Strike Entertainment undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances that occur after today's call. Also during today's call, the company may discuss certain non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure is most directly comparable to each non-GAAP financial measure discussed, and the reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure can be found on the company's website. I'll now turn the call over to Tom.

Good morning. I am Thomas Shannon, founder and CEO of Lucky Strike Entertainment. We closed fiscal 2025 on a high note, navigating a turbulent year with resilience and delivering 4% revenue growth despite headwinds in our offline, mostly corporate events business. This summer, we sold more than 260,000 summer season passes and generated more than $13.4 million in pass revenue. Our record-setting season pass program boosted guest visits and also drove meaningful retail spend through targeted, value-oriented specials. Pairing high-quality experiences with compelling value is working. Same-store sales strengthened sequentially in each month in the fourth quarter and turned positive in July. Combined with the momentum from our Boomers integration and other recent acquisitions, July delivered double-digit total revenue growth year over year. In late July, we were excited to announce the acquisition of two iconic water parks, Raging Waters Los Angeles in San Dimas, California, which is the largest water park in California and Wet and Wild Emerald Point in Greensboro, North Carolina, alongside three well-known and high-performing or high-potential family entertainment centers, Castle Park in Riverside, California, Boomers Vista in Vista, California, and Boomers in Palm Springs, California. Collectively, these destinations welcome more than 1.5 million annual guests and further expand Lucky Strike's leadership in our three verticals, bowling, water parks, and high quality family entertainment centers. This acquisition is a bold step forward in our strategy to build the premier location-based entertainment platform in North America. We are ambitiously investing in water parks, family entertainment centers, and next generation bowling concepts. And in early July, we acquired the real estate underlying 58 of our locations across the country for $306 million. By acquiring this real estate, We maximize our flexibility to optimize our capital structure and location footprint. The purchase price highlights the long-term attractiveness of the stable and growing cash flows of our individual locations and highlights the option value of owning these assets. The transaction is immediately accretive to earnings and cash flow. Simultaneously, we are strengthening our leadership team and scaling marketing investments, ensuring we capture the full potential of the markets where we operate. The path forward is clear, sustained growth, elevated guest experiences, and market leadership. We remain firmly on track to deliver another year of strong growth, both organically and through acquisition. With that, I'll hand it over to Lev Ekstra, our president, to share the exciting organic initiatives ahead.