Lucky Strike swings to -$35.8M net loss on $80.5M non-operating drag despite flat operations

Filed August 27, 2026 · Period ending June 28, 2026 · Compared to 10-K Aug 28, 2025 · ~2 min read

Key Changes

• high

  Net loss (to common) widened 138.6% to -$45.5M while operating income held flat at $136.8M; the bottom-line deterioration came from $80.5M in non-operating/other charges and $55.2M tax benefit, not from operations.

  MD&A: Operating Results verify on EDGAR →
• high

  Completed $306M acquisition of 58 properties previously leased from Carlyle, eliminating recurring rent obligations and converting operating leases to owned assets; financed via $1.2B term loan refinancing and $500M 7.25% Senior Secured Notes due 2032.

  MD&A: Carlyle Property Acquisition & Debt Refinancing verify on EDGAR →
• high

  Extended estimated useful lives of fixed assets in Q1 FY2026, reducing depreciation expense by $31.9M for the full year and improving net loss by $0.23 per share; management attributed the change to improved maintenance practices and technological enhancements.

  Notes: Change in Depreciation Estimates verify on EDGAR →