Why Bowlero Stock Jumped Up on a Down Day for the Stock Market

Shares of bowling center operator Bowlero (NYSE: BOWL) jumped on Friday after the company reported strong results for its fiscal fourth quarter of 2024. The S&P 500 was struggling as of 10:45 a.m. ET today, dropping 1.3%. But for its part, Bowlero stock was up 10% as of this writing, and had been up nearly 18% earlier in the day.Bowlero's fourth quarter ended in June. And during that three-month period, revenue jumped 19% year over year. That was better than expected, boosted by a 7% increase in same-store sales.Besides reporting better-than-expected growth in its fiscal 2024, management also offered better-than-expected guidance for fiscal 2025, which started in July. The company expects up to 10% top-line growth. And it forecast a margin of 32% to 34% for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which is slightly better than its 31% margin in fiscal 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool