Bowlero Corp. (NYSE:BOWL) Q2 2023 Earnings Conference Call February 15, 2023 4:30 PM ET
Company Participants
Ashley DeSimone - Partner, ICR, Investor Relations
Brett Parker - President and Chief Financial Officer
Thomas Shannon - Chairman and Chief Executive Officer
Conference Call Participants
Matthew Boss - JPMorgan Chase & Co.
Ian Zaffino - Oppenheimer & Co.
Eric Handler - MKM Partners LLC
Stefanos Crist - CJS Securities
Michael Kupinski - NOBLE Capital Markets, Inc.
Operator
Greetings, and welcome to Bowlero Corp. Second Quarter Fiscal 2023 Conference Call. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]
It is now my pleasure to hand the call over to Ashley DeSimone of ICR.
Ashley DeSimone
Good afternoon, and welcome to the Bowlero Corp. second 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. Such statements reflect the Company's views with respect to future events as of today, and are based on our 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.
The Company expressly disclaims any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable 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 for non-GAAP measures can be found in the earnings press release. As a reminder, this conference is being recorded.
I would now like to turn the call over to Brett Parker at Bowlero Corp. Brett, please go ahead.
Brett Parker
Good evening, and welcome to the Bowlero Corp. earnings discussion for Q2 of fiscal year 2023. I am Brett Parker, Vice Chairman, President and CFO of Bowlero Corp. Thank you for joining us today.
Simply stated, we had a terrific quarter. We are pleased to report that we have continued the positive momentum from the first quarter of our fiscal year 2023 into the second quarter, one of our most seasonally significant periods. Notably, our growth was strong across various business lines, walk-in retail, leagues and events, the last of which grew far beyond the estimated $10 million headwind that we faced in the prior year resulting from the Omicron response.