Bowlero Corp. (NYSE:BOWL) Q3 2023 Earnings Conference Call May 17, 2023 4:30 PM ET

Company Participants

Ashley DeSimone - Partner & Head-Global Media, Sports & Entertainment, ICR Inc

Thomas Shannon - Chairman, Founder & Chief Executive Officer

Brett Parker - President, Chief Financial Officer & Vice Chairman

Conference Call Participants

Matthew Boss - JPMorgan Securities LLC

Jeremy Hamblin - Craig-Hallum Capital Group LLC

Randy Konik - Jefferies LLC

Ian Zaffino - Oppenheimer & Co., Inc

Steven Wieczynski - Stifel, Nicolaus & Co., Inc.

Jason Tilchan - Canaccord Genuity LLC

Eric Handler - ROTH MKM

[Transcript later provided by the company to Seeking Alpha]

Operator

Greetings, and welcome to the Bowlero Corp.’s Third Quarter 2023 Conference Call. It is now my pleasure to hand over the call to Ashley DeSimone of ICR.

Ashley DeSimone

Good afternoon, and welcome to the Bowlero Corp. third quarter fiscal 2023 earnings conference call. All participants will be in a listen-only mode. During this call, the company may make certain statements that constitute forward-looking statements under the Private Securities Litigation Reform Act. Such statements reflect the company’s views with respect to future events as of today, and are based on management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. These statements are subject to a number of risks and uncertainties that can cause actual events and results to differ materially from those described in the forward-looking statements.

For further details concerning these risks and uncertainties, please see our Annual Report on Form 10-K filed with the SEC on September 15, 2022, 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. The company expressly disclaims any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future development or otherwise, except as required by law. In addition, during today’s call, the company will discuss non-GAAP financial measures, which we believe could be useful in evaluating performance. Definitions and reconciliations from non-GAAP measures can be found in our earnings press release. As a reminder, this conference is being recorded.

I would now like to turn the call over to Thomas Shannon of Bowlero Corp. Please go ahead.

Thomas Shannon

Good afternoon, and welcome to the Bowlero Corp. earnings discussion for Q3 of fiscal 2023. Thank you for participating in today’s conference call. I am Thomas Shannon, Founder, Chairman and CEO of Bowlero Corp. I’m joined by Brett Parker, Vice Chairman and President; and Bobby Lavan, who recently joined as Chief Financial Officer designate. Bobby, who will be the company’s CFO as of tomorrow, brings extensive experience as a public company CFO, and is a natural fit with our team and culture. We’re thrilled to welcome him to the Bowlero family.