Lucky Strike Entertainment (LUCK) 10-Q 4 Nov 24 2025 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Sep. 29, 2024	Oct. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 29, 2024
Document Transition Report	false
Entity File Number	001-40142
Entity Registrant Name	BOWLERO CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	98-1632024
Entity Address, Address Line One	7313 Bell Creek Road
Entity Address, City or Town	Mechanicsville
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23111
City Area Code	(804)
Local Phone Number	417-2000
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	BOWL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001840572
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--06-29
Amendment Flag	false
Class A ordinary shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		88,394,235
Class B ordinary shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		58,519,437

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 38,448	$ 66,972
Accounts and notes receivable, net	5,666	6,757
Inventories, net	13,650	13,171
Prepaid expenses and other current assets	30,365	25,316
Assets held-for-sale	20	1,746
Total current assets	88,149	113,962
Property and equipment, net	892,782	887,738
Operating lease right of use assets	554,474	559,168
Finance lease right of use assets, net	520,218	524,392
Intangible assets, net	45,111	47,051
Goodwill	833,961	833,888
Deferred income tax asset	122,847	112,106
Other assets	34,884	35,730
Total assets	3,092,426	3,114,035
Current liabilities:
Accounts payable and accrued expenses	146,022	135,784
Current maturities of long-term debt	9,106	9,163
Current obligations of operating lease liabilities	28,811	28,460
Other current liabilities	8,381	9,399
Total current liabilities	192,320	182,806
Long-term debt, net	1,130,141	1,129,523
Long-term obligations of operating lease liabilities	567,209	561,916
Long-term obligations of finance lease liabilities	681,222	680,213
Long-term financing obligations	442,980	440,875
Earnout liability	88,741	137,636
Other long-term liabilities	26,093	26,471
Deferred income tax liabilities	4,129	4,447
Total liabilities	3,132,835	3,163,887
Commitments and Contingencies (Note 8)
Temporary Equity
Series A preferred stock	123,918	127,410
Stockholders’ Deficit
Additional paid-in capital	509,929	510,675
Treasury stock, at cost	(392,735)	(385,015)
Accumulated deficit	(280,064)	(303,159)
Accumulated other comprehensive (loss) income	(1,474)	220
Total stockholders’ deficit	(164,327)	(177,262)
Total liabilities, temporary equity and stockholders’ deficit	3,092,426	3,114,035
Class A ordinary shares
Stockholders’ Deficit
Common stock	11	11
Class B ordinary shares
Stockholders’ Deficit
Common stock	$ 6	$ 6

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Total revenues	$ 260,195	$ 227,405
Costs and expenses
Location operating costs, excluding depreciation and amortization	86,228	73,373
Location payroll and benefit costs	67,436	63,054
Location food and beverage costs	20,530	16,685
Selling, general and administrative expenses, excluding depreciation and amortization	34,811	38,124
Depreciation and amortization	36,983	31,352
Loss (gain) on impairment and disposal of fixed assets, net	1,472	(1)
Other operating income, net	(211)	(538)
Total costs and expenses	247,249	222,049
Operating income	12,946	5,356
Other (income) expenses
Interest expense, net	48,670	37,449
Change in fair value of earnout liability	(48,921)	(40,682)
Other expense	0	53
Total other income	(251)	(3,180)
Income before income tax benefit	13,197	8,536
Income tax benefit	(9,898)	(9,683)
Net income	23,095	18,219
Series A preferred stock dividends	(2,214)	(1,962)
Earnings allocated to Series A preferred stock	(1,293)	(1,049)
Net loss attributable to common stockholders, basic	19,588	15,208
Net loss attributable to common stockholders, diluted	$ 19,588	$ 15,208
Net income per share attributable to Class A and B common stockholders
Basic (in dollars per share)	$ 0.13	$ 0.09
Diluted (in dollars per share)	$ 0.13	$ 0.09
Weighted-average shares used in computing net income per share attributable to common stockholders
Basic (in shares)	145,766,779	160,929,391
Diluted (in shares)	154,957,384	168,903,508
Bowling
Total revenues	$ 122,203	$ 116,430
Food & beverage
Total revenues	88,039	74,913
Amusement & other
Total revenues	$ 49,953	$ 36,062

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 23,095	$ 18,219
Other comprehensive loss, net of income tax:
Unrealized loss on derivatives	(709)	(340)
Foreign currency translation adjustment	(985)	(487)
Other comprehensive loss	(1,694)	(827)
Total comprehensive income	$ 21,401	$ 17,392

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders' (Deficit) Equity - USD ($) $ in Thousands	Total	Treasury stock	Additional Paid-in capital	Accumulated deficit	Accumulated other comprehensive income (loss)	Series A preferred stock	Class A common Stock	Class A common Stock Common stock	Class B common Stock	Class B common Stock Common stock
Beginning balance (in shares) at Jul. 02, 2023						136,373
Beginning balance at Jul. 02, 2023						$ 144,329
Ending balance (in shares) at Oct. 01, 2023						136,373
Ending balance at Oct. 01, 2023						$ 144,329
Beginning balance (in shares) at Jul. 02, 2023								107,666,301		60,819,437
Beginning balance at Jul. 02, 2023	$ 155,221	$ (135,401)	$ 506,112	$ (219,659)	$ 4,152			$ 11		$ 6
Beginning balance (in shares) at Jul. 02, 2023		11,312,302
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	18,219			18,219
Foreign currency translation adjustment	(487)				(487)
Unrealized loss on derivatives	(340)				(340)
Conversion of Class B common stock into Class A common stock (in shares)								2,300,000		2,300,000
Share-based compensation (in shares)								15,489
Share-based compensation	1,823		1,823
Repurchase of Class A common stock into Treasury stock (in shares)		(12,131,185)						(12,131,185)
Repurchase of Class A common stock into Treasury stock	(132,663)	$ (132,662)						$ (1)
Ending balance (in shares) at Oct. 01, 2023								97,850,605		58,519,437
Ending balance at Oct. 01, 2023	41,773	$ (268,063)	507,935	(201,440)	3,325			$ 10		$ 6
Ending balance (in shares) at Oct. 01, 2023		23,443,487
Beginning balance (in shares) at Jun. 30, 2024						120,387
Beginning balance at Jun. 30, 2024	127,410					$ 127,410
Increase (Decrease) in Temporary Equity [Roll Forward]
Settlement of Series A preferred stock (in shares)						(3,300)
Settlement of Series A preferred stock						$ (3,492)
Ending balance (in shares) at Sep. 29, 2024						117,087
Ending balance at Sep. 29, 2024	123,918					$ 123,918
Beginning balance (in shares) at Jun. 30, 2024							88,854,487	88,854,487	58,519,437	58,519,437
Beginning balance at Jun. 30, 2024	$ (177,262)	$ (385,015)	510,675	(303,159)	220			$ 11		$ 6
Beginning balance (in shares) at Jun. 30, 2024	34,071,295	34,071,295
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 23,095			23,095
Foreign currency translation adjustment	(985)				(985)
Unrealized loss on derivatives	(709)				(709)
Conversion of Class B common stock into Class A common stock (in shares)							269,886
Settlement of Series A preferred stock (in shares)								269,886
Settlement of Series A preferred stock	3,492		3,492
Share-based compensation (in shares)								26,656
Share-based compensation	4,314		4,314
Cash dividends	(8,552)		(8,552)
Repurchase of Class A common stock into Treasury stock (in shares)		(702,194)					(702,194)	(702,194)
Repurchase of Class A common stock into Treasury stock	(7,720)	$ (7,720)					$ (7,646)
Ending balance (in shares) at Sep. 29, 2024							88,448,835	88,448,835	58,519,437	58,519,437
Ending balance at Sep. 29, 2024	$ (164,327)	$ (392,735)	$ 509,929	$ (280,064)	$ (1,474)			$ 11		$ 6
Ending balance (in shares) at Sep. 29, 2024	34,773,489	34,773,489

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Operating activities
Net income	$ 23,095	$ 18,219
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	36,983	31,352
Loss (gain) on impairment and disposal of fixed assets, net	1,472	(1)
Income from equity method investment	(60)	(71)
Amortization of deferred financing costs	938	846
Non-cash interest expense on finance lease obligation	3,333	935
Reduction of operating lease right of use assets	8,513	7,822
Non-cash portion of gain on lease modification	0	(499)
Deferred income taxes	(10,474)	(9,697)
Share-based compensation	4,503	1,911
Distributions from equity method investments	62	72
Change in fair value of earnout liability	(48,921)	(40,682)
Changes in assets and liabilities, net of business acquisitions:
Accounts receivable and notes receivable, net	1,099	(995)
Inventories	(483)	(1,178)
Prepaids, other current assets and other assets	(9,329)	(1,913)
Accounts payable and accrued expenses	13,418	16,613
Operating lease liabilities	6,017	(7,093)
Other current liabilities	(182)	(163)
Other long-term liabilities	(571)	605
Net cash provided by operating activities	29,413	16,083
Investing activities
Purchases of property and equipment	(41,579)	(50,674)
Purchases of intangible assets	0	(112)
Proceeds from sale of property and equipment	1,655	0
Proceeds from sale of intangibles	0	65
Acquisitions, net of cash acquired	0	(125,855)
Net cash used in investing activities	(39,924)	(176,576)
Financing activities
Repurchase of Class A common stock into Treasury stock	(7,646)	(130,140)
Payments for tax withholdings on share-based compensation	(164)	(84)
Payment of cash dividends	(8,552)	0
Payment of long-term debt	(249)	(3,109)
Payment on finance leases	(1,381)	(1,576)
Proceeds on finance leases	334	0
Proceeds from Revolver draws	0	140,000
Payment of deferred financing costs	(148)	0
Net cash (used in) provided by financing activities	(17,806)	5,091
Effect of exchange rates on cash	(207)	(143)
Net decrease in cash and cash equivalents	(28,524)	(155,545)
Cash and cash equivalents at beginning of period	66,972	195,633
Cash and cash equivalents at end of period	$ 38,448	$ 40,088

Description of Business and Sig

Description of Business and Significant Accounting Policies	3 Months Ended
	Sep. 29, 2024
Accounting Policies [Abstract]
Description of Business and Significant Accounting Policies	Description of Business and Significant Accounting Policies Bowlero Corp., a Delaware corporation, and its subsidiaries (referred to herein as, the “Company”, “Bowlero”, “we,” “us” and “our”) is one of the world’s premier operators of location-based entertainment. The Company operates location-based entertainment venues under different brand names. Our AMF and Bowl America branded locations are traditional bowling centers, while the Bowlero and Lucky Strike branded locations offer a more upscale entertainment concept with lounge seating, enhanced food and beverage offerings, and more robust customer service for individuals and group events. Additionally, within the brands, there exists a spectrum where some AMF branded locations are more upscale and some Bowlero branded locations are more traditional. The Company also operates other forms of location-based entertainment, such as Octane Raceway and Raging Waves water park. All of our locations, regardless of branding, are managed in a fully integrated and consistent basis since all of our locations are in the same business of operating location-based entertainment. Basis of Presentation: The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Our quarterly financial data should be read in conjunction with the audited financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024. Change in Presentation: The Company made a change to its condensed consolidated statements of operations presentation in order to enhance our disclosures by disaggregating previously combined revenues and costs of revenues, reclassifying depreciation and amortization to be a separate financial statement line item, and reclassifying certain amounts to selling, general, and administrative expenses. The change in presentation will enhance the comparability of our financial statements with industry peers and present a more detailed picture of our operations. Certain prior period amounts in the condensed consolidated statements of operations have been reclassified to conform with the current period presentation. The reclassifications made had no impact to revenue, income (loss) from operations, net income (loss), earnings (loss) per share, retained earnings or other components of equity or net assets. Principles of Consolidation: The condensed consolidated financial statements and related notes include the accounts of Bowlero Corp. and the subsidiaries it controls. Control is determined based on ownership rights or, when applicable, based on whether the Company is considered to be the primary beneficiary of a variable interest entity. We use the equity method to account for investments in which we have the ability to exercise significant influence over the investee’s operating and financial policies, or in which we hold a partnership or limited liability company interest in an entity with specific ownership accounts, unless we have virtually no influence over the investee’s operating and financial policies. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates: The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the balance sheets, statement of operations and accompanying notes. Significant estimates made by management include, but are not limited to, cash flow projections; the fair value of assets and liabilities in acquisitions; derivatives with hedge accounting; share-based compensation; depreciation and impairment of long-lived assets; carrying amount and recoverability analyses of property and equipment, assets held for sale, goodwill and other intangible assets; valuation of deferred tax assets and liabilities and income tax uncertainties; and reserves for litigation, claims and self-insurance costs. Actual results could differ from those estimates. Fair-value Estimates: We have various financial instruments included in our financial statements. Financial instruments are carried in our financial statements at either cost or fair value. We estimate fair value of assets and liabilities using the following hierarchy using the highest level possible: Level 1: Quoted prices in active markets that are accessible at the measurement date for identical assets and liabilities. Level 2: Observable prices that are based on inputs not quoted on active markets, but are corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. Cash and Cash Equivalents: The Company considers all highly liquid investments with a maturity date of three months or less when purchased to be cash equivalents. The Company accepts a range of debit and credit cards, and these transactions are generally transmitted to a bank for reimbursement within 24 hours. The payments due from the banks for these debit and credit card transactions are generally received, or settled, within 24 to 48 hours of the transmission date. The Company considers all debit and credit card transactions that settle in less than seven days to be cash equivalents. Equity Method Investments: The aggregate carrying amounts of our equity method investments was $25,832 and $25,848 as of September 29, 2024 and June 30, 2024, respectively, and are included as a component of Other Assets in our accompanying condensed consolidated balance sheets. Substantially all of our equity method investments consist of a limited partner interest in a subsidiary of VICI Properties Inc. (“VICI”). Equity method investments are adjusted to recognize (1) our share, based on percentage ownership or other contractual basis, of the investee’s net income or loss after the date of investment, (2) additional contributions made or distributions received, (3) amortization of the recorded investment that exceeds our share of the book value of the investee’s net assets, and (4) impairments resulting from other-than-temporary declines in fair value. Cash distributions received from our equity method investments are considered returns on investment and presented within operating activities in the condensed consolidated statement of cash flows to the extent of cumulative equity in net income of the investee. Additional distributions in excess of cumulative equity are considered returns of our investment and are presented as investing activities. Derivatives: We are exposed to interest rate risk. To manage this risk, we entered into interest rate collar derivative transactions associated with a portion of our outstanding debt. The interest rate collars, which are designated for accounting purposes as cash flow hedges, establish a cap and floor on the Secured Overnight Financing Rate (SOFR). The Company's interest rate collars expire on March 31, 2026. For financial derivative instruments that are designated as a cash flow hedge for accounting purposes, the effective portion of the gain or loss on the financial derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transaction, and in the same period or periods during which the forecasted transaction affects earnings. Gains and losses on the financial derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. The interest rate collar agreements effectively modified our exposure to interest rate risk by converting a portion of our interest payments on floating rate debt to include a cap and floor, thus reducing the impact of interest rate changes on future interest expense. See Note 6 - Debt for more information. Net Income Per Share Attributable to Common Stockholders: We compute net income per share of Class A common stock and Class B common stock under the two-class method. Holders of Class A common stock and Class B common stock have equal rights to the earnings of the Company. Our participating securities include the Series A preferred stock that have a non-forfeitable right to dividends in the event that a dividend is paid on common stock, but do not participate in losses, and thus are not included in a two-class method in periods of loss. In periods where the Company reports a net loss, all potentially dilutive securities are excluded from the calculation of the diluted net loss per share attributable to common stockholders as their effect is antidilutive and accordingly, basic and diluted net loss per share attributable to common stockholders will be the same. Dilutive securities include Series A preferred stock, earnouts, stock options, and restricted stock units (“RSUs”). See Note 13 -  Net Income Per Share . Emerging Growth Company Status: The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as modified by the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act and reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of our financial statements with those of another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult because of the potential differences in accounting standards used. Recently Issued Accounting Standards: In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (“Topic 280”) Improvements to Reportable Segment Disclosures , which requires p ublic entities, including those with a single reportable segment, to provide all the disclosures required by this standard and all existing segment disclosures required by Topic 280 on an interim and annual basis, including new requirements to disclose significant segment expenses that are regularly provided to the the chief operating decision maker (“CODM”), which is our chief executive officer (“CEO”) and included within the reported measure(s) of a segment's profit or loss, the amount and composition of any other segment items, the title and position of the CODM, and how the CODM uses the reported measure(s) of a segment's profit or loss to assess performance and decide how to allocate resources. Further, it requires that all annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280 be provided in interim periods. ASU 2023-07 is effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, applied retrospectively. We are currently evaluating the impact of this standard to our consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (“Topic 740”): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures through the standardization and disaggregation of rate reconciliation categories and income taxes paid in both domestic and foreign jurisdictions. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 and is to be applied prospectively, with early adoption and retrospective application permitted. We are currently evaluating the impact of this standard to our consolidated financial statements.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill: The changes in the carrying amount of goodwill for the period ended September 29, 2024: Balance as of June 30, 2024 $ 833,888 Adjustments to preliminary fair values for prior year acquisitions 73 Balance as of September 29, 2024 $ 833,961 Intangible Assets: September 29, 2024 June 30, 2024 Gross Accumulated Net Gross Accumulated Net Finite-lived intangible assets: AMF trade name $ — $ — $ — $ 9,900 $ (9,900) $ — Bowlero trade name 14,870 (1,802) 13,068 14,870 (614) 14,256 Other acquisition trade names 2,250 (1,226) 1,024 3,460 (2,276) 1,184 Customer relationships 4,055 (3,000) 1,055 24,185 (22,808) 1,377 Management contracts 300 (273) 27 1,800 (1,763) 37 Non-compete agreements 3,464 (1,691) 1,773 4,364 (2,395) 1,969 PBA member, sponsor & media relationships 1,200 (567) 633 1,400 (739) 661 Other intangible assets 754 (411) 343 921 (542) 379 26,893 (8,970) 17,923 60,900 (41,037) 19,863 Indefinite-lived intangible assets: Liquor licenses 12,418 — 12,418 12,418 — 12,418 Lucky Strike trade name 8,360 — 8,360 8,360 — 8,360 Other trade names 6,410 — 6,410 6,410 — 6,410 27,188 — 27,188 27,188 — 27,188 $ 54,081 $ (8,970) $ 45,111 $ 88,088 $ (41,037) $ 47,051 The following table shows amortization expense for finite-lived intangible assets for each reporting period: Three Months Ended September 29, 2024 October 1, Amortization expense $ 1,953 $ 1,781

Property and Equipment

Property and Equipment	3 Months Ended
	Sep. 29, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment As of September 29, 2024 and June 30, 2024, property and equipment consists of: September 29, 2024 June 30, 2024 Land $ 107,331 $ 108,442 Building and leasehold improvements 671,521 663,537 Equipment, software, furniture, and fixtures 635,560 630,280 Construction in progress 68,698 55,343 1,483,110 1,457,602 Accumulated depreciation (590,328) (569,864) Property and equipment, net of accumulated depreciation $ 892,782 $ 887,738 The following table shows depreciation expense related to property and equipment for each reporting period: Three Months Ended September 29, 2024 October 1, 2023 Depreciation expense $ 30,675 $ 25,460

Leases

Leases	3 Months Ended
	Sep. 29, 2024
Leases [Abstract]
Leases	Leases The Company leases various assets under non-cancellable operating and finance leases. These assets include location-based entertainment venues, office space, vehicles, and equipment. Most of our leases contain payments for some or all of the following: base rent, contingent rent, common area maintenance, insurance, real-estate taxes, and other operating expenses. Rental payments are subject to escalation depending on future changes in designated indices or based on pre-determined amounts agreed upon at lease inception. The following table summarizes the components of the net lease cost for each reporting period: Three Months Ended Lease Costs: Location on Condensed Consolidated Statements of Operations September 29, 2024 October 1, 2023 Operating Lease Costs: (1) Operating lease costs associated with master leases for locations Primarily Location operating costs $ 4,428 $ 4,428 Operating lease costs associated with non-master leases for locations Primarily Location operating costs 14,517 10,475 Percentage rental costs for locations (2) Primarily Location operating costs 1,126 1,153 Equipment and other operating lease costs (3) Primarily Location operating costs 1,951 1,491 Total Operating Lease Costs: 22,022 17,547 Finance Lease Costs: Amortization of right-of-use assets Depreciation and amortization 4,355 4,111 Interest expense Interest expense, net 12,389 12,021 Total Finance Lease Costs: 16,744 16,132 Financing Obligation Costs: Interest expense Interest expense, net 10,115 106 Total Financing Obligation Costs: 10,115 106 Other Costs, Net: Variable occupancy costs (4) Primarily Location operating costs 18,696 14,964 Gains from modifications to operating leases Other operating income, net — (499) Other lease costs (5) Primarily Location operating costs 205 1,747 Sublease income (6) Revenues - Amusement & other (1,212) (1,304) Total Other Costs, Net 17,689 14,908 Total Lease Costs, Net $ 66,570 $ 48,693 (1) Operating lease costs includes both cash and non-cash expenses for operating leases. The operating lease costs associated with our locations are recognized evenly over the lease term, therefore, the timing of the expense may differ from the timing of actual cash payments. Cash payments and lease costs can differ due to (a) the timing of cash payments relative to the level expense, (b) non-cash adjustments as a result of purchase accounting, and (c) various other non-cash adjustments to lease costs. Please see the table below for cash paid for amounts included within our lease liabilities. (2) Percentage rental costs for our locations primarily represents leases where we pay an extra rental amount based on a percentage of revenue in excess of predetermined revenue thresholds. (3) Equipment and other operating lease costs primarily represents operating leases costs for equipment leases, common area maintenance charges, and other variable lease costs for operating leases where the lease payments escalate based on an index or rate. (4) Variable occupancy costs primarily represents utilities, property insurance, and real estate taxes. (5) Other lease costs primarily includes short-term lease costs and other variable payments for various equipment leases. (6) Sublease income primarily represents short-term leases with pro-shops and various retail tenants. Cash paid for amounts included in the measurement of lease liabilities for the three months ended September 29, 2024: Three Months Ended September 29, 2024 October 1, 2023 Cash paid for amounts included in the measurement of lease liabilities (1) Operating leases: Operating cash flows paid for operating leases $ 12,400 $ 15,393 Total cash paid for operating lease liabilities 12,400 15,393 Finance leases: Operating cash flows paid for interest portion of finance leases 11,157 11,062 Financing cash flows paid for principal portion of finance leases 1,376 1,576 Total cash paid for finance lease liabilities 12,533 12,638 Financing Obligations: Operating cash flows paid for interest portion of financing obligations 8,016 113 Financing cash flows paid for principal portion of finance obligations 5 — Total cash paid for financing obligations: 8,021 113 Total cash amounts paid that are included in the measurement of lease liabilities: (2) $ 32,954 $ 28,144 (1) This table includes cash paid for amounts included in the measurement of our lease liabilities. Since the lease liability only includes amounts that are contractually fixed, this table excludes cash paid for amounts that are variable in nature, such as utilities, common area maintenance, property insurance, real estate taxes, and percentage rent. (2) For the period ended September 29, 2024, total cash amounts within the above table include deferred repayments of $1,016 for operating leases and $2,191 for finance leases. For the period ended October 1, 2023, total cash amounts within the above table include deferred repayments of $1,091 for operating leases and $2,352 for finance leases. As of September 29, 2024, approximately $3,147 in deferred payments are remaining, which will be repaid on a monthly basis through December 31, 2024, and are included within our lease liabilities. Supplemental balance sheet information related to leases as of September 29, 2024: Condensed Consolidated Balance Sheets Location September 29, 2024 June 30, Operating leases: ROU Assets, net Operating lease ROU assets, net $ 554,474 $ 559,168 Lease liabilities, Short-term Operating lease liabilities, ST 28,811 28,460 Lease liabilities, Long-term Operating lease liabilities, LT 567,209 561,916 Finance leases: ROU Assets, net Finance lease ROU assets, net 520,218 524,392 Lease liabilities, Short-term Other current liabilities 1,033 1,954 Lease liabilities, Long-term Finance lease liabilities, LT 681,222 680,213 Financing Obligations: Financing obligation, long-term Other long-term liabilities 442,980 440,875 Lease incentive receivables from landlords of $6,690 and $15,311 as of September 29, 2024 and June 30, 2024, respectively, are reflected as a reduction of the operating and finance lease liability. The Company received $8,287 from landlords for lease incentives on operating leases and $334 for lease incentives on finance leases during the three months ended September 29, 2024. Lease incentives for operating leases are all recorded as operating cash inflows within the change in operating lease liabilities within our condensed consolidated statement of cash flows. The lease incentives received for finance leases are recorded as cash inflows for financing activities.
Leases	Leases The Company leases various assets under non-cancellable operating and finance leases. These assets include location-based entertainment venues, office space, vehicles, and equipment. Most of our leases contain payments for some or all of the following: base rent, contingent rent, common area maintenance, insurance, real-estate taxes, and other operating expenses. Rental payments are subject to escalation depending on future changes in designated indices or based on pre-determined amounts agreed upon at lease inception. The following table summarizes the components of the net lease cost for each reporting period: Three Months Ended Lease Costs: Location on Condensed Consolidated Statements of Operations September 29, 2024 October 1, 2023 Operating Lease Costs: (1) Operating lease costs associated with master leases for locations Primarily Location operating costs $ 4,428 $ 4,428 Operating lease costs associated with non-master leases for locations Primarily Location operating costs 14,517 10,475 Percentage rental costs for locations (2) Primarily Location operating costs 1,126 1,153 Equipment and other operating lease costs (3) Primarily Location operating costs 1,951 1,491 Total Operating Lease Costs: 22,022 17,547 Finance Lease Costs: Amortization of right-of-use assets Depreciation and amortization 4,355 4,111 Interest expense Interest expense, net 12,389 12,021 Total Finance Lease Costs: 16,744 16,132 Financing Obligation Costs: Interest expense Interest expense, net 10,115 106 Total Financing Obligation Costs: 10,115 106 Other Costs, Net: Variable occupancy costs (4) Primarily Location operating costs 18,696 14,964 Gains from modifications to operating leases Other operating income, net — (499) Other lease costs (5) Primarily Location operating costs 205 1,747 Sublease income (6) Revenues - Amusement & other (1,212) (1,304) Total Other Costs, Net 17,689 14,908 Total Lease Costs, Net $ 66,570 $ 48,693 (1) Operating lease costs includes both cash and non-cash expenses for operating leases. The operating lease costs associated with our locations are recognized evenly over the lease term, therefore, the timing of the expense may differ from the timing of actual cash payments. Cash payments and lease costs can differ due to (a) the timing of cash payments relative to the level expense, (b) non-cash adjustments as a result of purchase accounting, and (c) various other non-cash adjustments to lease costs. Please see the table below for cash paid for amounts included within our lease liabilities. (2) Percentage rental costs for our locations primarily represents leases where we pay an extra rental amount based on a percentage of revenue in excess of predetermined revenue thresholds. (3) Equipment and other operating lease costs primarily represents operating leases costs for equipment leases, common area maintenance charges, and other variable lease costs for operating leases where the lease payments escalate based on an index or rate. (4) Variable occupancy costs primarily represents utilities, property insurance, and real estate taxes. (5) Other lease costs primarily includes short-term lease costs and other variable payments for various equipment leases. (6) Sublease income primarily represents short-term leases with pro-shops and various retail tenants. Cash paid for amounts included in the measurement of lease liabilities for the three months ended September 29, 2024: Three Months Ended September 29, 2024 October 1, 2023 Cash paid for amounts included in the measurement of lease liabilities (1) Operating leases: Operating cash flows paid for operating leases $ 12,400 $ 15,393 Total cash paid for operating lease liabilities 12,400 15,393 Finance leases: Operating cash flows paid for interest portion of finance leases 11,157 11,062 Financing cash flows paid for principal portion of finance leases 1,376 1,576 Total cash paid for finance lease liabilities 12,533 12,638 Financing Obligations: Operating cash flows paid for interest portion of financing obligations 8,016 113 Financing cash flows paid for principal portion of finance obligations 5 — Total cash paid for financing obligations: 8,021 113 Total cash amounts paid that are included in the measurement of lease liabilities: (2) $ 32,954 $ 28,144 (1) This table includes cash paid for amounts included in the measurement of our lease liabilities. Since the lease liability only includes amounts that are contractually fixed, this table excludes cash paid for amounts that are variable in nature, such as utilities, common area maintenance, property insurance, real estate taxes, and percentage rent. (2) For the period ended September 29, 2024, total cash amounts within the above table include deferred repayments of $1,016 for operating leases and $2,191 for finance leases. For the period ended October 1, 2023, total cash amounts within the above table include deferred repayments of $1,091 for operating leases and $2,352 for finance leases. As of September 29, 2024, approximately $3,147 in deferred payments are remaining, which will be repaid on a monthly basis through December 31, 2024, and are included within our lease liabilities. Supplemental balance sheet information related to leases as of September 29, 2024: Condensed Consolidated Balance Sheets Location September 29, 2024 June 30, Operating leases: ROU Assets, net Operating lease ROU assets, net $ 554,474 $ 559,168 Lease liabilities, Short-term Operating lease liabilities, ST 28,811 28,460 Lease liabilities, Long-term Operating lease liabilities, LT 567,209 561,916 Finance leases: ROU Assets, net Finance lease ROU assets, net 520,218 524,392 Lease liabilities, Short-term Other current liabilities 1,033 1,954 Lease liabilities, Long-term Finance lease liabilities, LT 681,222 680,213 Financing Obligations: Financing obligation, long-term Other long-term liabilities 442,980 440,875 Lease incentive receivables from landlords of $6,690 and $15,311 as of September 29, 2024 and June 30, 2024, respectively, are reflected as a reduction of the operating and finance lease liability. The Company received $8,287 from landlords for lease incentives on operating leases and $334 for lease incentives on finance leases during the three months ended September 29, 2024. Lease incentives for operating leases are all recorded as operating cash inflows within the change in operating lease liabilities within our condensed consolidated statement of cash flows. The lease incentives received for finance leases are recorded as cash inflows for financing activities.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Sep. 29, 2024
Payables and Accruals [Abstract]
Accrued Expenses	Accounts Payable and Accrued Expenses As of September 29, 2024 and June 30, 2024, accounts payable and accrued expenses consist of: September 29, June 30, Accounts payable $ 47,067 $ 50,457 Customer Deposits 21,812 14,006 Taxes and licenses 19,369 17,840 Compensation 11,682 13,768 Deferred revenue 10,015 15,976 Interest 8,900 1,113 Insurance 7,843 7,401 Utilities 5,567 5,475 Professional fees 3,000 4,090 Other 10,767 5,658 Total accounts payable and accrued expenses $ 146,022 $ 135,784

Debt

Debt	3 Months Ended
	Sep. 29, 2024
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes the Company’s debt structure as of September 29, 2024 and June 30, 2024: September 29, 2024 June 30, First Lien Credit Facility Term Loan (Maturing February 8, 2028 and bearing variable rate interest; 8.75% and 8.80% at September 29, 2024 and June 30, 2024, respectively) $ 1,138,500 $ 1,138,500 Other Equipment Loans 13,451 13,700 1,151,951 1,152,200 Less: Unamortized financing costs (12,704) (13,514) Current portion of unamortized financing costs 3,435 3,361 Current maturities of long-term debt (12,541) (12,524) Total long-term debt $ 1,130,141 $ 1,129,523 Term Loan: Under the Company’s First Lien Credit Agreement, as amended (the “First Lien Credit Agreement”), the Company has made term loans consisting of $1,138,500 of aggregate initial principal amount of debt outstanding (the “Term Loan”). The Term Loan matures on February 8, 2028 and is repaid on a quarterly basis in principal payments of $2,875, which began on September 29, 2023. The Term Loan bears interest at a rate per annum equal to the Adjusted Term SOFR plus 3.50%. Interest is due on the last day of the interest period. The interest period, as agreed upon between the Company and its lender, can be either one three Revolver: Under the First Lien Credit Agreement, the Company has access to a senior secured revolving credit facility (the “Revolver”). As of September 29, 2024, the Revolver commitment is $335,000, which was increased by $50,000 in connection with the Company entering into the Eleventh Amendment to the First Lien Credit Agreement on August 23, 2024. Any outstanding balance on the Revolver is due on December 15, 2026. Interest on borrowings under the Revolver is based on the Adjusted Term SOFR. First Lien Credit Agreement Covenants: Obligations owed under the First Lien Credit Agreement are secured by a first priority security interest on substantially all assets of Bowlero Corp. and the guarantor subsidiaries. The First Lien Credit Agreement contains customary events of default, restrictions on indebtedness, liens, investments, asset dispositions, dividends and affirmative and negative covenants. The Company is subject to a financial covenant requiring that the First Lien Leverage Ratio (as defined in the First Lien Credit Agreement) not exceed 6.00:1.00 as of the end of any fiscal quarter if amounts outstanding on the Revolver exceed an amount equal to 35% of the aggregate Revolver commitment (subject to certain exclusions) at the end of such fiscal quarter. In addition, payment of borrowings under the Revolver may be accelerated if there is an event of default, and Bowlero would no longer be permitted to borrow additional funds under the Revolver while a default or event of default were outstanding. Letters of Credit: Outstanding standby letters of credit as of September 29, 2024 and June 30, 2024 totaled $18,584 and $15,834, respectively, and are guaranteed by JP Morgan Chase Bank, N.A. The available amount of the Revolver is reduced by the outstanding standby letters of credit. Other Equipment Loan: On August 19, 2022, the Company entered into an equipment loan agreement for a principal amount of $15,350 with JP Morgan Chase Bank, N.A.. The loan matures August 19, 2029 and bears a fixed interest rate of 6.24%. The loan is repaid on a monthly basis in fixed payments of $153 plus a final payment at maturity. The loan obligation is secured by a lien on the equipment. Covenant Compliance: The Company was in compliance with all debt covenants as of September 29, 2024. Interest rate collars: The Company entered into two interest rate collars effective as of March 31, 2023 for an aggregate notional amount of our Term Loan of $800,000. The collar hedging strategy stabilizes interest rate fluctuations by setting both a floor and a cap. The hedge transactions have a trade and hedge designation date of April 4, 2023. The hedge transactions, each for a notional amount of $400,000, provide for interest rate collars. The interest rate collars establish a floor on SOFR of 0.9429% and 0.9355%, respectively, and a cap on SOFR of 5.50%. The interest rate collars have a maturity date of March 31, 2026. The fair value of the collar agreements as of September 29, 2024 and June 30, 2024 was a liability of $278 and an asset of $696, respectively, and is included within the condensed consolidated balance sheets. Since SOFR was within the collar cap and floor rates, there was no interest impact on the statement of income.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 29, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe Company uses the estimated annual effective tax rate method for calculating its tax provision in interim periods, which represents the Company's best estimate of the effective tax rate expected for the full year. Certain items, including those deemed to be unusual, infrequent or that cannot be reliably estimated (discrete items), are excluded from the estimated annual effective tax rate, and the related tax expense or benefit is reported in the same period as the related item. The Company’s effective tax rate for the three months ended September 29, 2024 was (75)%, which differs from the US federal statutory rate of 21% primarily due to the change in fair value of the earnout liability, permanent differences, and other discrete tax items. The Company’s effective tax rate for the three months ended October 1, 2023 was (113)% tax benefit and differs from the US federal statutory rate of 21% due to income recognized in the period for book purposes associated with the change in fair value of the earnout liability which is treated as a discrete tax item and not included as taxable income.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, we are involved in various inquiries, investigations, claims, lawsuits and other legal proceedings that are incidental to the conduct of our business. These matters typically involve claims from customers, employees or other third parties involved in operational issues common to the retail, restaurant and entertainment industries. Such matters typically represent actions with respect to contracts, intellectual property, taxation, employment, employee benefits, personal injuries and other matters. A number of such claims may exist at any given time and there are currently a number of claims and legal proceedings pending against us. While it is not feasible to predict the outcome of all claims and legal proceedings and exposures with certainty, management believes that their ultimate disposition should not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

Earnouts

Earnouts	3 Months Ended
	Sep. 29, 2024
Earnouts [Abstract]
Earnouts	Earnouts There were 11,418,357 unvested earnout shares outstanding as of September 29, 2024 and June 30, 2024. The outstanding unvested earnout shares will vest if the closing share price of Bowlero’s Class A common stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20 trading day period that occurs from December 15, 2021 through December 15, 2026. All but 41,364 earnout shares are classified as a liability and changes in the fair value of the earnout shares are recognized in the statement of operations. Those earnout shares not classified as a liability are classified as equity compensation to employees and recognized as compensation expense on a straight-line basis over the expected term or upon the contingency being met. See Note 10 - Fair Value of Financial Instruments for a summary of changes in the estimated fair value of the earnout shares for the period ended September 29, 2024 and October 1, 2023.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 29, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Debt The fair value and carrying value of our debt as of September 29, 2024 and June 30, 2024 are as follows: September 29, 2024 June 30, Carrying value $ 1,151,951 $ 1,152,200 Fair value 1,151,951 1,152,200 The fair value of our debt is estimated based on trading levels of lenders buying and selling their participation levels of funding (Level 2). There were no transfers in or out of any of the levels of the valuation hierarchy during the three months ended September 29, 2024 and the fiscal year ended June 30, 2024. Items Measured at Fair Value on a Recurring Basis The Company holds certain assets and liabilities that are required to be measured at fair value on a recurring basis. The following table is a summary of fair value measurements and hierarchy level as of September 29, 2024 and June 30, 2024: September 29, 2024 Level 1 Level 2 Level 3 Total Interest rate collars $ — $ 278 $ — $ 278 Earnout shares — — 88,741 88,741 Total liabilities $ — $ 278 $ 88,741 $ 89,019 June 30, 2024 Level 1 Level 2 Level 3 Total Interest rate collars $ — $ 696 $ — $ 696 Total assets $ — $ 696 $ — $ 696 Earnout shares $ — $ — $ 137,636 $ 137,636 Total liabilities $ — $ — $ 137,636 $ 137,636 The fair value of earnout shares was estimated using a Monte Carlo simulation model (level 3 inputs). The key inputs into the Monte Carlo simulation as of September 29, 2024 were as follows: Earnout Expected term in years 2.21 Expected volatility 50% Risk-free interest rate 3.54% Stock price $ 11.80 Dividend yield 1.86% The following table sets forth a summary of changes in the estimated fair value of the Company's Level 3 Earnout liability for the three months ended September 29, 2024 and October 1, 2023: Three Months Ended September 29, 2024 October 1, 2023 Balance as of beginning of period $ 137,636 $ 112,041 Issuances 26 5 Changes in fair value (48,921) (40,682) Balance as of end of period $ 88,741 $ 71,364 Other Financial Instruments Other financial instruments include cash and cash equivalents, accounts and notes receivable, accounts payable and accrued expenses. The financial statement carrying amounts of these items approximate the fair value due to their short duration.

Common Stock, Preferred Stock a

Common Stock, Preferred Stock and Stockholders' Equity	3 Months Ended
	Sep. 29, 2024
Stockholders' Equity Note [Abstract]
Common Stock, Preferred Stock and Stockholders' Equity	Common Stock, Preferred Stock and Stockholders’ Equity The Company is authorized to issue three classes of stock to be designated, respectively, Class A common stock, Class B common stock (together with Class A common stock, the “Common Stock”) and Series A preferred stock (the “Preferred Stock”). The total number of shares of capital stock which the Company shall have authority to issue is 2,400,000,000, divided into the following: Class A common stock: • Authorized: 2,000,000,000 shares, with a par value of $0.0001 per share as of September 29, 2024 and June 30, 2024. • Issued and Outstanding: 88,448,835 shares (inclusive of 1,582,805 shares contingent on certain stock price thresholds but excluding 34,773,489 shares held in treasury) as of September 29, 2024 and 88,854,487 shares (inclusive of 1,584,805 shares contingent on certain stock price thresholds but excluding 34,071,295 shares held in treasury) as of June 30, 2024. Class B common stock: • Authorized: 200,000,000 shares, with a par value of $0.0001 per share as of September 29, 2024 and June 30, 2024. • Issued and Outstanding: 58,519,437 shares as of September 29, 2024 and June 30, 2024. Preferred Stock: • Authorized: 200,000,000 shares, with a par value of $0.0001 per share as of September 29, 2024 and June 30, 2024. • Issued and Outstanding: 117,087 and 120,387 shares as of September 29, 2024 and June 30, 2024, respectively. Series A Preferred Stock Dividends accumulate on a cumulative basis on a 360-day year commencing from the issue date. The dividend rate is fixed at 5.5% per annum on a liquidation preference of $1,000 per share. Payment dates are June 30 and December 31 of each year with a record date of June 15 for the June 30 payment date and December 15 for the December 31 payment date. Declared dividends will be paid in cash if the Company declares the dividend to be paid in cash. If the Company does not pay all or any portion of the dividends that have accumulated as of any payment date, then the dollar amount of the dividends not paid in cash will be added to the liquidation preference and deemed to be declared and paid in-kind. For the three months ended September 29, 2024, no accumulated dividends were added to the liquidation preference and deemed to be declared and paid in-kind. For the period ended September 29, 2024, dividends in the amount o f $1,685 were accumulated on the Preferred Stock. During the three months ended September 29, 2024, 3,300 shares of Series A Preferred Stock were converted into 269,886 shares of Class A Common Stock. All of the shares of converted Series A Preferred Stock were then cancelled in accordance with the Preferred Stock Certificate of Designations. Stock Dividend Common stock dividends paid during the three months ended September 29, 2024 is as follows: Declaration Date Record Date Payment Date Amount (1) August 5, 2024 August 23, 2024 September 6, 2024 $ 8,552 (1) Amount includes dividends paid to holders of Series A preferred stock on an as-converted basis. On November 4, 2024, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.055 per share of common stock, which will be paid on December 6, 2024, to stockholders of record on November 22, 2024. Share Repurchase Program On February 7, 2022, the Company announced that its Board of Directors authorized a share repurchase program providing for repurchases of up to $200,000 of the Company’s outstanding Class A common stock through February 3, 2024. On each of May 15, 2023, September 6, 2023 and February 2, 2024, the Board of Directors authorized a replenishment of then-remaining balance of the share repurchase program to $200,000, which in aggregate increased the total amount that has been authorized under the share repurchase program to approximately $551,518. On February 2, 2024, the Board of Directors extended the share repurchase program indefinitely. Treasury stock purchases are stated at cost and presented as a reduction of equity on the condensed consolidated balance sheets. Repurchases of shares are made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases are based on a variety of factors, including stock price, regulatory limitations, debt agreement limitations, and other market and economic factors. The share repurchase program does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase program at any time.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Sep. 29, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation The Company has two stock plans: the Bowlero Corp. 2021 Omnibus Incentive Plan (“2021 Plan”) and the Bowlero Corp. Employee Stock Purchase Plan (“ESPP”). These stock incentive plans are designed to attract and retain key personnel by providing them the opportunity to acquire an equity interest in the Company and align the interest of key personnel with those of the Company’s stockholders. As of September 29, 2024 and June 30, 2024, the total compensation cost not yet recognized is as follows: Award Plan September 29, 2024 June 30, Stock options 2021 Plan $ 16,555 $ 19,416 Service based RSUs 2021 Plan 4,786 5,395 Market and service based RSUs 2021 Plan 346 502 Earnout RSUs 2021 Plan 151 168 ESPP ESPP 225 319 Total unrecognized compensation cost $ 22,063 $ 25,800 Share-based compensation recognized in the condensed consolidated statements of operations for the periods ended September 29, 2024 and October 1, 2023 is as follows: Three Months Ended Award Plan September 29, October 1, Stock options 2021 Plan $ 2,763 $ 669 Service based RSUs 2021 Plan 1,078 914 Market and service based RSUs 2021 Plan 120 170 Earnout RSUs 2021 Plan 8 20 Other stock-based awards 2021 Plan 440 — ESPP ESPP 94 138 Total share-based compensation expense $ 4,503 $ 1,911 The Company did not have any recognized income tax benefits, net of valuation allowances, related to our share-based compensation plans.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Sep. 29, 2024
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income Per Share The computation of basic and diluted net income per share of Class A common stock and Class B common stock is as follows: Three Months Ended September 29, 2024 October 1, 2023 Class A Class B Total Class A Class B Total Numerator Net income allocated to common stockholders $ 11,724 $ 7,864 $ 19,588 $ 9,465 $ 5,743 $ 15,208 Denominator Weighted-average shares outstanding 87,247,342 58,519,437 145,766,779 100,160,503 60,768,888 160,929,391 Net income per share, basic $ 0.13 $ 0.13 $ 0.13 $ 0.09 $ 0.09 $ 0.09 Three Months Ended September 29, 2024 October 1, 2023 Class A Class B Total Class A Class B Total Numerator Net income allocated to common stockholders $ 11,724 $ 7,864 $ 19,588 $ 9,465 $ 5,743 $ 15,208 Denominator Weighted-average shares outstanding 87,247,342 58,519,437 145,766,779 100,160,503 60,768,888 160,929,391 Impact of incremental shares 2,699,084 6,491,521 9,190,605 2,517,655 5,456,462 7,974,117 Total 89,946,426 65,010,958 154,957,384 102,678,158 66,225,350 168,903,508 Net income per share, diluted $ 0.13 $ 0.12 $ 0.13 $ 0.09 $ 0.09 $ 0.09 The impact from incremental shares for our diluted per share calculation is as follows:

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Sep. 29, 2024
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information September 29, October 1, Cash paid during the period for: Interest (1) $ 37,254 $ 36,651 Income taxes, net of refunds 657 28 Noncash investing and financing transactions: Capital expenditures in accounts payable 21,645 24,313 Change in fair value of interest rate swap, net of tax (709) (340) Unsettled trade payable — 8,329 Excise tax 73 1,312 (1) Includes cash paid for the interest portion on finance leases and financing obligations. See Note 4 - Leases for supplementary information relating to leasing transactions.

Description of Business and S_2

Description of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 29, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, these financial statements contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods indicated. Our quarterly financial data should be read in conjunction with the audited financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024. Change in Presentation:
Principles of Consolidation	Principles of Consolidation: The condensed consolidated financial statements and related notes include the accounts of Bowlero Corp. and the subsidiaries it controls. Control is determined based on ownership rights or, when applicable, based on whether the Company is considered to be the primary beneficiary of a variable interest entity. We use the equity method to account for investments in which we have the ability to exercise significant influence over the investee’s operating and financial policies, or in which we hold a partnership or limited liability company interest in an entity with specific ownership accounts, unless we have virtually no influence over the investee’s operating and financial policies. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates: The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the balance sheets, statement of operations and accompanying notes. Significant estimates made by management include, but are not limited to, cash flow projections; the fair value of assets and liabilities in acquisitions; derivatives with hedge accounting; share-based compensation; depreciation and impairment of long-lived assets; carrying amount and recoverability analyses of property and equipment, assets held for sale, goodwill and other intangible assets; valuation of deferred tax assets and liabilities and income tax uncertainties; and reserves for litigation, claims and self-insurance costs. Actual results could differ from those estimates.
Fair-value Estimates	Fair-value Estimates: We have various financial instruments included in our financial statements. Financial instruments are carried in our financial statements at either cost or fair value. We estimate fair value of assets and liabilities using the following hierarchy using the highest level possible: Level 1: Quoted prices in active markets that are accessible at the measurement date for identical assets and liabilities. Level 2: Observable prices that are based on inputs not quoted on active markets, but are corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available.
Cash, Cash Equivalents and Restricted Cash	Cash and Cash Equivalents:
Equity Method Investments	Equity Method Investments:
Derivatives	Derivatives: We are exposed to interest rate risk. To manage this risk, we entered into interest rate collar derivative transactions associated with a portion of our outstanding debt. The interest rate collars, which are designated for accounting purposes as cash flow hedges, establish a cap and floor on the Secured Overnight Financing Rate (SOFR). The Company's interest rate collars expire on March 31, 2026. For financial derivative instruments that are designated as a cash flow hedge for accounting purposes, the effective portion of the gain or loss on the financial derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transaction, and in the same period or periods during which the forecasted transaction affects earnings. Gains and losses on the financial derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. The interest rate collar agreements effectively modified our exposure to interest rate risk by converting a portion of our interest payments on floating rate debt to include a cap and floor, thus reducing the impact of interest rate changes on future interest expense. See Note 6 - Debt for more information.
Net Loss Per Share Attributable to Common Stockholders	Net Income Per Share Attributable to Common Stockholders:
Emerging Growth Company Status	Emerging Growth Company Status: The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as modified by the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act and reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of our financial statements with those of another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult because of the potential differences in accounting standards used.
Recent Issued Accounting Standards	Recently Issued Accounting Standards: In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (“Topic 280”) Improvements to Reportable Segment Disclosures , which requires p ublic entities, including those with a single reportable segment, to provide all the disclosures required by this standard and all existing segment disclosures required by Topic 280 on an interim and annual basis, including new requirements to disclose significant segment expenses that are regularly provided to the the chief operating decision maker (“CODM”), which is our chief executive officer (“CEO”) and included within the reported measure(s) of a segment's profit or loss, the amount and composition of any other segment items, the title and position of the CODM, and how the CODM uses the reported measure(s) of a segment's profit or loss to assess performance and decide how to allocate resources. Further, it requires that all annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280 be provided in interim periods. ASU 2023-07 is effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, applied retrospectively. We are currently evaluating the impact of this standard to our consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (“Topic 740”): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures through the standardization and disaggregation of rate reconciliation categories and income taxes paid in both domestic and foreign jurisdictions. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 and is to be applied prospectively, with early adoption and retrospective application permitted. We are currently evaluating the impact of this standard to our consolidated financial statements.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill	The changes in the carrying amount of goodwill for the period ended September 29, 2024: Balance as of June 30, 2024 $ 833,888 Adjustments to preliminary fair values for prior year acquisitions 73 Balance as of September 29, 2024 $ 833,961
Schedule of intangible assets	September 29, 2024 June 30, 2024 Gross Accumulated Net Gross Accumulated Net Finite-lived intangible assets: AMF trade name $ — $ — $ — $ 9,900 $ (9,900) $ — Bowlero trade name 14,870 (1,802) 13,068 14,870 (614) 14,256 Other acquisition trade names 2,250 (1,226) 1,024 3,460 (2,276) 1,184 Customer relationships 4,055 (3,000) 1,055 24,185 (22,808) 1,377 Management contracts 300 (273) 27 1,800 (1,763) 37 Non-compete agreements 3,464 (1,691) 1,773 4,364 (2,395) 1,969 PBA member, sponsor & media relationships 1,200 (567) 633 1,400 (739) 661 Other intangible assets 754 (411) 343 921 (542) 379 26,893 (8,970) 17,923 60,900 (41,037) 19,863 Indefinite-lived intangible assets: Liquor licenses 12,418 — 12,418 12,418 — 12,418 Lucky Strike trade name 8,360 — 8,360 8,360 — 8,360 Other trade names 6,410 — 6,410 6,410 — 6,410 27,188 — 27,188 27,188 — 27,188 $ 54,081 $ (8,970) $ 45,111 $ 88,088 $ (41,037) $ 47,051
Schedule of finite-lived intangible asset amortization	The following table shows amortization expense for finite-lived intangible assets for each reporting period: Three Months Ended September 29, 2024 October 1, Amortization expense $ 1,953 $ 1,781

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Sep. 29, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	As of September 29, 2024 and June 30, 2024, property and equipment consists of: September 29, 2024 June 30, 2024 Land $ 107,331 $ 108,442 Building and leasehold improvements 671,521 663,537 Equipment, software, furniture, and fixtures 635,560 630,280 Construction in progress 68,698 55,343 1,483,110 1,457,602 Accumulated depreciation (590,328) (569,864) Property and equipment, net of accumulated depreciation $ 892,782 $ 887,738
Schedule of depreciation expenses related to property and equipment	The following table shows depreciation expense related to property and equipment for each reporting period: Three Months Ended September 29, 2024 October 1, 2023 Depreciation expense $ 30,675 $ 25,460

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 29, 2024
Leases [Abstract]
Schedule of summarize the company’s costs for operating and capital leases	The following table summarizes the components of the net lease cost for each reporting period: Three Months Ended Lease Costs: Location on Condensed Consolidated Statements of Operations September 29, 2024 October 1, 2023 Operating Lease Costs: (1) Operating lease costs associated with master leases for locations Primarily Location operating costs $ 4,428 $ 4,428 Operating lease costs associated with non-master leases for locations Primarily Location operating costs 14,517 10,475 Percentage rental costs for locations (2) Primarily Location operating costs 1,126 1,153 Equipment and other operating lease costs (3) Primarily Location operating costs 1,951 1,491 Total Operating Lease Costs: 22,022 17,547 Finance Lease Costs: Amortization of right-of-use assets Depreciation and amortization 4,355 4,111 Interest expense Interest expense, net 12,389 12,021 Total Finance Lease Costs: 16,744 16,132 Financing Obligation Costs: Interest expense Interest expense, net 10,115 106 Total Financing Obligation Costs: 10,115 106 Other Costs, Net: Variable occupancy costs (4) Primarily Location operating costs 18,696 14,964 Gains from modifications to operating leases Other operating income, net — (499) Other lease costs (5) Primarily Location operating costs 205 1,747 Sublease income (6) Revenues - Amusement & other (1,212) (1,304) Total Other Costs, Net 17,689 14,908 Total Lease Costs, Net $ 66,570 $ 48,693 (1) Operating lease costs includes both cash and non-cash expenses for operating leases. The operating lease costs associated with our locations are recognized evenly over the lease term, therefore, the timing of the expense may differ from the timing of actual cash payments. Cash payments and lease costs can differ due to (a) the timing of cash payments relative to the level expense, (b) non-cash adjustments as a result of purchase accounting, and (c) various other non-cash adjustments to lease costs. Please see the table below for cash paid for amounts included within our lease liabilities. (2) Percentage rental costs for our locations primarily represents leases where we pay an extra rental amount based on a percentage of revenue in excess of predetermined revenue thresholds. (3) Equipment and other operating lease costs primarily represents operating leases costs for equipment leases, common area maintenance charges, and other variable lease costs for operating leases where the lease payments escalate based on an index or rate. (4) Variable occupancy costs primarily represents utilities, property insurance, and real estate taxes. (5) Other lease costs primarily includes short-term lease costs and other variable payments for various equipment leases. (6) Sublease income primarily represents short-term leases with pro-shops and various retail tenants. Cash paid for amounts included in the measurement of lease liabilities for the three months ended September 29, 2024: Three Months Ended September 29, 2024 October 1, 2023 Cash paid for amounts included in the measurement of lease liabilities (1) Operating leases: Operating cash flows paid for operating leases $ 12,400 $ 15,393 Total cash paid for operating lease liabilities 12,400 15,393 Finance leases: Operating cash flows paid for interest portion of finance leases 11,157 11,062 Financing cash flows paid for principal portion of finance leases 1,376 1,576 Total cash paid for finance lease liabilities 12,533 12,638 Financing Obligations: Operating cash flows paid for interest portion of financing obligations 8,016 113 Financing cash flows paid for principal portion of finance obligations 5 — Total cash paid for financing obligations: 8,021 113 Total cash amounts paid that are included in the measurement of lease liabilities: (2) $ 32,954 $ 28,144 (1) This table includes cash paid for amounts included in the measurement of our lease liabilities. Since the lease liability only includes amounts that are contractually fixed, this table excludes cash paid for amounts that are variable in nature, such as utilities, common area maintenance, property insurance, real estate taxes, and percentage rent. (2)
Supplemental balance sheet information	Supplemental balance sheet information related to leases as of September 29, 2024: Condensed Consolidated Balance Sheets Location September 29, 2024 June 30, Operating leases: ROU Assets, net Operating lease ROU assets, net $ 554,474 $ 559,168 Lease liabilities, Short-term Operating lease liabilities, ST 28,811 28,460 Lease liabilities, Long-term Operating lease liabilities, LT 567,209 561,916 Finance leases: ROU Assets, net Finance lease ROU assets, net 520,218 524,392 Lease liabilities, Short-term Other current liabilities 1,033 1,954 Lease liabilities, Long-term Finance lease liabilities, LT 681,222 680,213 Financing Obligations: Financing obligation, long-term Other long-term liabilities 442,980 440,875

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Sep. 29, 2024
Payables and Accruals [Abstract]
Schedule of accrued expenses	As of September 29, 2024 and June 30, 2024, accounts payable and accrued expenses consist of: September 29, June 30, Accounts payable $ 47,067 $ 50,457 Customer Deposits 21,812 14,006 Taxes and licenses 19,369 17,840 Compensation 11,682 13,768 Deferred revenue 10,015 15,976 Interest 8,900 1,113 Insurance 7,843 7,401 Utilities 5,567 5,475 Professional fees 3,000 4,090 Other 10,767 5,658 Total accounts payable and accrued expenses $ 146,022 $ 135,784

Debt (Tables)

Debt (Tables)	3 Months Ended
	Sep. 29, 2024
Debt Disclosure [Abstract]
Schedule of debt structure	The following table summarizes the Company’s debt structure as of September 29, 2024 and June 30, 2024: September 29, 2024 June 30, First Lien Credit Facility Term Loan (Maturing February 8, 2028 and bearing variable rate interest; 8.75% and 8.80% at September 29, 2024 and June 30, 2024, respectively) $ 1,138,500 $ 1,138,500 Other Equipment Loans 13,451 13,700 1,151,951 1,152,200 Less: Unamortized financing costs (12,704) (13,514) Current portion of unamortized financing costs 3,435 3,361 Current maturities of long-term debt (12,541) (12,524) Total long-term debt $ 1,130,141 $ 1,129,523

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 29, 2024
Fair Value Disclosures [Abstract]
Schedule of fair value and carrying value of debt	The fair value and carrying value of our debt as of September 29, 2024 and June 30, 2024 are as follows: September 29, 2024 June 30, Carrying value $ 1,151,951 $ 1,152,200 Fair value 1,151,951 1,152,200
Schedule of fair value measurements and hierarchy level	The Company holds certain assets and liabilities that are required to be measured at fair value on a recurring basis. The following table is a summary of fair value measurements and hierarchy level as of September 29, 2024 and June 30, 2024: September 29, 2024 Level 1 Level 2 Level 3 Total Interest rate collars $ — $ 278 $ — $ 278 Earnout shares — — 88,741 88,741 Total liabilities $ — $ 278 $ 88,741 $ 89,019 June 30, 2024 Level 1 Level 2 Level 3 Total Interest rate collars $ — $ 696 $ — $ 696 Total assets $ — $ 696 $ — $ 696 Earnout shares $ — $ — $ 137,636 $ 137,636 Total liabilities $ — $ — $ 137,636 $ 137,636
Schedule of fair value of the warrant liability classified as level 1 and level 3	The fair value of earnout shares was estimated using a Monte Carlo simulation model (level 3 inputs). The key inputs into the Monte Carlo simulation as of September 29, 2024 were as follows: Earnout Expected term in years 2.21 Expected volatility 50% Risk-free interest rate 3.54% Stock price $ 11.80 Dividend yield 1.86%
Schedule of classification of the derivative liability fair value	The following table sets forth a summary of changes in the estimated fair value of the Company's Level 3 Earnout liability for the three months ended September 29, 2024 and October 1, 2023: Three Months Ended September 29, 2024 October 1, 2023 Balance as of beginning of period $ 137,636 $ 112,041 Issuances 26 5 Changes in fair value (48,921) (40,682) Balance as of end of period $ 88,741 $ 71,364

Common Stock, Preferred Stock_2

Common Stock, Preferred Stock and Stockholders' Equity (Tables)	3 Months Ended
	Sep. 29, 2024
Stockholders' Equity Note [Abstract]
Schedule of dividends declared and paid	Common stock dividends paid during the three months ended September 29, 2024 is as follows: Declaration Date Record Date Payment Date Amount (1) August 5, 2024 August 23, 2024 September 6, 2024 $ 8,552 (1) Amount includes dividends paid to holders of Series A preferred stock on an as-converted basis.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Sep. 29, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of total compensation cost by plan	As of September 29, 2024 and June 30, 2024, the total compensation cost not yet recognized is as follows: Award Plan September 29, 2024 June 30, Stock options 2021 Plan $ 16,555 $ 19,416 Service based RSUs 2021 Plan 4,786 5,395 Market and service based RSUs 2021 Plan 346 502 Earnout RSUs 2021 Plan 151 168 ESPP ESPP 225 319 Total unrecognized compensation cost $ 22,063 $ 25,800 Share-based compensation recognized in the condensed consolidated statements of operations for the periods ended September 29, 2024 and October 1, 2023 is as follows: Three Months Ended Award Plan September 29, October 1, Stock options 2021 Plan $ 2,763 $ 669 Service based RSUs 2021 Plan 1,078 914 Market and service based RSUs 2021 Plan 120 170 Earnout RSUs 2021 Plan 8 20 Other stock-based awards 2021 Plan 440 — ESPP ESPP 94 138 Total share-based compensation expense $ 4,503 $ 1,911

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Sep. 29, 2024
Earnings Per Share [Abstract]
Schedule of basic and diluted net loss per share	The computation of basic and diluted net income per share of Class A common stock and Class B common stock is as follows: Three Months Ended September 29, 2024 October 1, 2023 Class A Class B Total Class A Class B Total Numerator Net income allocated to common stockholders $ 11,724 $ 7,864 $ 19,588 $ 9,465 $ 5,743 $ 15,208 Denominator Weighted-average shares outstanding 87,247,342 58,519,437 145,766,779 100,160,503 60,768,888 160,929,391 Net income per share, basic $ 0.13 $ 0.13 $ 0.13 $ 0.09 $ 0.09 $ 0.09 Three Months Ended September 29, 2024 October 1, 2023 Class A Class B Total Class A Class B Total Numerator Net income allocated to common stockholders $ 11,724 $ 7,864 $ 19,588 $ 9,465 $ 5,743 $ 15,208 Denominator Weighted-average shares outstanding 87,247,342 58,519,437 145,766,779 100,160,503 60,768,888 160,929,391 Impact of incremental shares 2,699,084 6,491,521 9,190,605 2,517,655 5,456,462 7,974,117 Total 89,946,426 65,010,958 154,957,384 102,678,158 66,225,350 168,903,508 Net income per share, diluted $ 0.13 $ 0.12 $ 0.13 $ 0.09 $ 0.09 $ 0.09
Impact from incremental shares of diluted per share calculation	The impact from incremental shares for our diluted per share calculation is as follows: Three Months Ended September 29, 2024 October 1, 2023 Class A Class B Total Class A Class B Total Service based RSUs 716,330 — 716,330 695,826 — 695,826 Market and service based RSUs 185,925 — 185,925 226,425 — 226,425 Stock options 1,687,739 6,491,521 8,179,260 1,462,885 5,456,462 6,919,347 ESPP 109,090 — 109,090 132,519 — 132,519 Total 2,699,084 6,491,521 9,190,605 2,517,655 5,456,462 7,974,117

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Sep. 29, 2024
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow information	September 29, October 1, Cash paid during the period for: Interest (1) $ 37,254 $ 36,651 Income taxes, net of refunds 657 28 Noncash investing and financing transactions: Capital expenditures in accounts payable 21,645 24,313 Change in fair value of interest rate swap, net of tax (709) (340) Unsettled trade payable — 8,329 Excise tax 73 1,312 (1) Includes cash paid for the interest portion on finance leases and financing obligations. See Note 4 - Leases for supplementary information relating to leasing transactions.

Description of Business and S_3

Description of Business and Significant Accounting Policies - Equity method investments (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Accounting Policies [Abstract]
Equity method investments	$ 25,832	$ 25,848

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of changes in the carrying amount of goodwill (Details) $ in Thousands	3 Months Ended
	Sep. 29, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 833,888
Adjustments to preliminary fair values for prior year acquisitions	73
Ending balance	$ 833,961

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of intangible assets (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	$ 26,893	$ 60,900
Accumulated amortization	(8,970)	(41,037)
Finite-lived intangible assets, Net carrying amount	17,923	19,863
Indefinite-lived intangible assets	27,188	27,188
Gross carrying amount	54,081	88,088
Net carrying amount	45,111	47,051
Liquor licenses
Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible assets	12,418	12,418
Lucky Strike trade name
Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible assets	8,360	8,360
Other trade names
Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible assets	6,410	6,410
AMF trade name
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	0	9,900
Accumulated amortization	0	(9,900)
Finite-lived intangible assets, Net carrying amount	0	0
Bowlero trade name
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	14,870	14,870
Accumulated amortization	(1,802)	(614)
Finite-lived intangible assets, Net carrying amount	13,068	14,256
Other acquisition trade names
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	2,250	3,460
Accumulated amortization	(1,226)	(2,276)
Finite-lived intangible assets, Net carrying amount	1,024	1,184
Customer relationships
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	4,055	24,185
Accumulated amortization	(3,000)	(22,808)
Finite-lived intangible assets, Net carrying amount	1,055	1,377
Management contracts
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	300	1,800
Accumulated amortization	(273)	(1,763)
Finite-lived intangible assets, Net carrying amount	27	37
Non-compete agreements
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	3,464	4,364
Accumulated amortization	(1,691)	(2,395)
Finite-lived intangible assets, Net carrying amount	1,773	1,969
PBA member, sponsor & media relationships
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	1,200	1,400
Accumulated amortization	(567)	(739)
Finite-lived intangible assets, Net carrying amount	633	661
Other intangible assets
Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, Gross carrying amount	754	921
Accumulated amortization	(411)	(542)
Finite-lived intangible assets, Net carrying amount	$ 343	$ 379

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Finite-lived intangible asset amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,953	$ 1,781

Property and Equipment - Schedu

Property and Equipment - Schedule of property and equipment (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 1,483,110	$ 1,457,602
Accumulated depreciation	(590,328)	(569,864)
Property and equipment, net of accumulated depreciation	892,782	887,738
Land
Property, Plant and Equipment [Line Items]
Total property and equipment	107,331	108,442
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	671,521	663,537
Equipment, software, furniture, and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	635,560	630,280
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 68,698	$ 55,343

Property and Equipment - Sche_2

Property and Equipment - Schedule of depreciation expense related to property and equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 30,675	$ 25,460

Leases - Lease costs (Details)

Leases - Lease costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Operating Lease Costs:
Operating lease costs associated with master leases for locations	$ 4,428	$ 4,428
Operating lease costs associated with non-master leases for locations	14,517	10,475
Percentage rental costs for locations	1,126	1,153
Equipment and other operating lease costs	1,951	1,491
Total Operating Lease Costs:	22,022	17,547
Finance Lease Costs:
Amortization of right-of-use assets	4,355	4,111
Interest on lease liabilities	12,389	12,021
Total Finance Lease Costs:	16,744	16,132
Financing Obligation Costs:
Interest expense	10,115	106
Total Financing Obligation Costs:	10,115	106
Other Costs, Net:
Variable occupancy costs	18,696	14,964
Gains from modifications to operating leases	0	(499)
Other lease costs	205	1,747
Sublease income	(1,212)	(1,304)
Total Other Costs, Net	17,689	14,908
Total Lease Costs, Net	$ 66,570	$ 48,693

Leases - Supplemental cash flow

Leases - Supplemental cash flow (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Operating leases:
Operating cash flows paid for operating leases	$ 12,400	$ 15,393
Finance leases:
Operating cash flows paid for interest portion of finance leases	11,157	11,062
Financing cash flows paid for principal portion of finance leases	1,376	1,576
Total cash paid for finance lease liabilities	12,533	12,638
Financing Obligations:
Operating cash flows paid for interest portion of financing obligations	8,016	113
Financing cash flows paid for principal portion of finance obligations	5	0
Total cash paid for financing obligations:	8,021	113
Lease Liabilities Measurement, Payments	32,954	28,144
Operating lease, deferred repayment	1,016	1,091
Finance lease, deferred repayment	2,191	$ 2,352
Remaining deferred payment	$ 3,147

Leases - Supplementary balance

Leases - Supplementary balance sheet information (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Operating leases:
ROU Assets, net	$ 554,474	$ 559,168
Lease liabilities, Short-term	28,811	28,460
Lease liabilities, Long-term	567,209	561,916
Finance leases:
ROU Assets, net	520,218	524,392
Lease liabilities, Short-term	$ 1,033	$ 1,954
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Lease liabilities, Long-term	$ 681,222	$ 680,213
Financing Obligations:
Financing obligation, long-term	$ 442,980	$ 440,875

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Jun. 30, 2024
Leases [Abstract]
Lease incentive receivable	$ 6,690	$ 15,311
Lease incentives on operating leases	8,287
Lease incentives on finance leases	$ 334

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of accrued expenses (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Payables and Accruals [Abstract]
Accounts payable	$ 47,067	$ 50,457
Customer Deposits	21,812	14,006
Taxes and licenses	19,369	17,840
Compensation	11,682	13,768
Deferred revenue	10,015	15,976
Insurance	7,843	7,401
Professional fees	3,000	4,090
Utilities	5,567	5,475
Interest	8,900	1,113
Other	10,767	5,658
Total accounts payable and accrued expenses	$ 146,022	$ 135,784

Debt - Schedule of debt structu

Debt - Schedule of debt structure (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Debt (Details) - Schedule of debt structure [Line Items]
Total	$ 1,151,951	$ 1,152,200
Less:
Unamortized financing costs	(12,704)	(13,514)
Current portion of unamortized financing costs	3,435	3,361
Current maturities of long-term debt	(12,541)	(12,524)
Long-term debt, net	$ 1,130,141	$ 1,129,523
First Lien Credit Facility Term Loan
Debt (Details) - Schedule of debt structure [Line Items]
Interest rate	8.75%	8.80%
Total	$ 1,138,500	$ 1,138,500
Other Equipment Loans
Debt (Details) - Schedule of debt structure [Line Items]
Total	$ 13,451	$ 13,700

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands				3 Months Ended
	Aug. 23, 2024 USD ($)	Sep. 29, 2023 USD ($)	Aug. 19, 2022 USD ($)	Sep. 29, 2024 USD ($)	Jun. 30, 2024 USD ($)	Apr. 04, 2023	Mar. 31, 2023 USD ($) derivative_instrument
Debt [Line Items]
Utilization percentage				0.35
Outstanding standby letters of credit				$ 18,584	$ 15,834
Interest Rate Collar
Debt [Line Items]
Number of instruments held | derivative_instrument							2
Notional amount							$ 800,000
Interest rate						5.50%
Derivative, fair value, net				$ (278)	$ 696
Interest Rate Collar One
Debt [Line Items]
Notional amount							400,000
Floor interest rate						0.9429%
Interest Rate Collar Two
Debt [Line Items]
Notional amount							$ 400,000
Floor interest rate						0.9355%
Maximum
Debt [Line Items]
Leverage ratio				6
Revolving Credit Facility
Debt [Line Items]
Maximum borrowing capacity				$ 335,000
Additional borrowing capacity	$ 50,000
Term Loan
Debt [Line Items]
Principal amount				$ 1,138,500
Principal payments		$ 2,875
Basis spread on variable rate (as a percent)		3.50%
Term Loan | Amendment No. 8 Term Loan
Debt [Line Items]
Interest period				1 month
Term Loan | Amendment No. 8 Term Loan | Debt Instrument, Interest Period One
Debt [Line Items]
Interest period		1 month
Term Loan | Amendment No. 8 Term Loan | Debt Instrument, Interest Period Two
Debt [Line Items]
Interest period		3 months
Term Loan | Amendment No. 8 Term Loan | Debt Instrument, Interest Period Three
Debt [Line Items]
Interest period		6 months
Loans | Equipment loan agreement
Debt [Line Items]
Principal amount			$ 15,350
Monthly fixed payment			$ 153
Fixed interest rate			6.24%

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	(75.00%)	(113.00%)

Earnouts (Details)

Earnouts (Details)	3 Months Ended
	Sep. 29, 2024 tradingDay $ / shares shares	Jun. 30, 2024 shares
Class A ordinary shares
Earnouts [Line Items]
Price per unit (in dollars per share) | $ / shares	$ 17.50
Earnout shares
Earnouts [Line Items]
Threshold trading days (in trading days) | tradingDay	10
Threshold consecutive trading days (in trading days) | tradingDay	20
Earnout shares
Earnouts [Line Items]
Number of shares outstanding | shares	11,418,357	11,418,357
Earnout shares classified as liability | shares	41,364

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of fair value and carrying value of our debt (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Carrying value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Long-term debt	$ 1,151,951	$ 1,152,200
Fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Long-term debt	$ 1,151,951	$ 1,152,200

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of fair value measurements and hierarchy level (Details) - USD ($) $ in Thousands	Sep. 29, 2024	Jun. 30, 2024
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Interest rate collars		$ 696
Total assets		696
Interest rate collars	$ 278
Earnout shares	88,741	137,636
Total liabilities	89,019	137,636
Level 1
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Interest rate collars		0
Total assets		0
Interest rate collars	0
Earnout shares	0	0
Total liabilities	0	0
Level 2
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Interest rate collars		696
Total assets		696
Interest rate collars	278
Earnout shares	0	0
Total liabilities	278	0
Level 3
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Interest rate collars		0
Total assets		0
Interest rate collars	0
Earnout shares	88,741	137,636
Total liabilities	$ 88,741	$ 137,636

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Schedule of fair value of the warrant liability is classified as Level 1 and Level 3 (Details)	Sep. 29, 2024 yr $ / shares
Expected term in years
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earnout | yr	2.21
Expected volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earnout	0.50
Risk-free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earnout	0.0354
Stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earnout | $ / shares	11.80
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earnout	0.0186

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Schedule of changes in the estimated fair value (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Changes in fair value	$ 48,921	$ 40,682
Earnout
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	137,636	112,041
Issuances	26	5
Changes in fair value	(48,921)	(40,682)
Fair value, ending balance	$ 88,741	$ 71,364

Common Stock, Preferred Stock_3

Common Stock, Preferred Stock and Stockholders' Equity - Narrative (Details)	3 Months Ended	12 Months Ended
	Sep. 29, 2024 class $ / shares shares	Jun. 30, 2024 $ / shares shares
Common Stock, Preferred Stock and Stockholders' Equity [Line Items]
Number of stock classes (in classes) | class	3
Total authorized shares (in shares)	2,400,000,000
Shares held in treasury (in shares)	34,773,489	34,071,295
Class A common Stock
Common Stock, Preferred Stock and Stockholders' Equity [Line Items]
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Ordinary shares, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Common stock shares issued (in shares)	88,448,835	88,854,487
Common stock shares outstanding (in shares)	88,448,835	88,854,487
Shares subject to possible forfeiture (in shares)	1,582,805	1,584,805
Class B common Stock
Common Stock, Preferred Stock and Stockholders' Equity [Line Items]
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Ordinary shares, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Common stock shares issued (in shares)	58,519,437	58,519,437
Common stock shares outstanding (in shares)	58,519,437	58,519,437
Series A preferred stock
Common Stock, Preferred Stock and Stockholders' Equity [Line Items]
Preferred stock shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Preferred stock, shares issued (in shares)	117,087	120,387
Preferred stock, shares outstanding (in shares)	117,087	120,387

Common Stock, Preferred Stock_4

Common Stock, Preferred Stock and Stockholders' Equity - Series A preferred stock (Details) $ / shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 29, 2024 USD ($) $ / shares shares
Class of Stock [Line Items]
Dividend rate percentage	5.50%
Liquidation preference per share (in dollars per share) | $ / shares	$ 1
Series A Preferred Stock
Class of Stock [Line Items]
Accumulated dividends | $	$ 1,685
Conversion of Class B common stock into Class A common stock (in shares)	3,300
Class A ordinary shares
Class of Stock [Line Items]
Conversion of Class B common stock into Class A common stock (in shares)	269,886

Common Stock, Preferred Stock_5

Common Stock, Preferred Stock and Stockholders' Equity - Dividends paid (Details) $ in Thousands	Sep. 06, 2024 USD ($)
Stockholders' Equity Note [Abstract]
Common stock dividends paid	$ 8,552

Common Stock, Preferred Stock_6

Common Stock, Preferred Stock and Stockholders' Equity - Stock dividend, narrative (Details)	Nov. 04, 2024 $ / shares
Subsequent event
Subsequent Event [Line Items]
Common stock dividends declared per share (in dollars per share)	$ 0.055

Common Stock, Preferred Stock_7

Common Stock, Preferred Stock and Stockholders' Equity - Share repurchase program (Details) - USD ($)	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023	Feb. 02, 2024	Sep. 06, 2023	May 15, 2023	Feb. 07, 2022
Share Repurchase Program [Line Items]
Authorized amount			$ 551,518,000			$ 200,000,000
Maximum amount to be replenished			$ 200,000,000	$ 200,000,000	$ 200,000,000
Remaining balance under repurchase plan	$ 156,715,000
Share repurchases	$ 7,720,000	$ 132,663,000
Class A ordinary shares
Share Repurchase Program [Line Items]
Shares repurchased (in shares)	702,194
Share repurchases	$ 7,646,000
Average purchase price (in dollars per share)	$ 10.89

Share-Based Compensation - Tota

Share-Based Compensation - Total compensation cost by plan (Details) $ in Thousands	3 Months Ended
	Sep. 29, 2024 USD ($) plan	Oct. 01, 2023 USD ($)	Jun. 30, 2024 USD ($)
Share-Based Payment Arrangement [Abstract]
Number of stock plans | plan	2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	$ 22,063		$ 25,800
Stock-based compensation expense	4,503	$ 1,911
Stock options | 2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	16,555		19,416
Stock-based compensation expense	2,763	669
Service based RSUs | 2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	4,786		5,395
Stock-based compensation expense	1,078	914
Market and service based RSUs | 2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	346		502
Stock-based compensation expense	120	170
Earnout RSUs | 2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	151		168
Stock-based compensation expense	8	20
Other stock-based awards | 2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	440	0
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	225		$ 319
Stock-based compensation expense	$ 94	$ 138

Net Income Per Share - Schedule

Net Income Per Share - Schedule of basic and diluted net loss per common share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Numerator
Net loss allocated to common stockholders, basic	$ 19,588	$ 15,208
Net loss allocated to common stockholders, diluted	$ 19,588	$ 15,208
Denominator
Weighted-average shares outstanding, basic (in shares)	145,766,779	160,929,391
Total	9,190,605	7,974,117
Weighted-average shares outstanding, diluted (in shares)	154,957,384	168,903,508
Net loss per share
Net loss per share, basic (in dollars per share)	$ 0.13	$ 0.09
Net loss per share, diluted (in dollars per share)	$ 0.13	$ 0.09
Class A ordinary shares
Numerator
Net loss allocated to common stockholders, basic	$ 11,724	$ 9,465
Net loss allocated to common stockholders, diluted	$ 11,724	$ 9,465
Denominator
Weighted-average shares outstanding, basic (in shares)	87,247,342	100,160,503
Total	2,699,084	2,517,655
Weighted-average shares outstanding, diluted (in shares)	89,946,426	102,678,158
Net loss per share
Net loss per share, basic (in dollars per share)	$ 0.13	$ 0.09
Net loss per share, diluted (in dollars per share)	$ 0.13	$ 0.09
Class B ordinary shares
Numerator
Net loss allocated to common stockholders, basic	$ 7,864	$ 5,743
Net loss allocated to common stockholders, diluted	$ 7,864	$ 5,743
Denominator
Weighted-average shares outstanding, basic (in shares)	58,519,437	60,768,888
Total	6,491,521	5,456,462
Weighted-average shares outstanding, diluted (in shares)	65,010,958	66,225,350
Net loss per share
Net loss per share, basic (in dollars per share)	$ 0.13	$ 0.09
Net loss per share, diluted (in dollars per share)	$ 0.12	$ 0.09

Net Income Per Share - Impact f

Net Income Per Share - Impact from incremental shares of diluted per share calculation (Details) - shares	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	9,190,605	7,974,117
Class A ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	2,699,084	2,517,655
Class B ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	6,491,521	5,456,462
Service based RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	716,330	695,826
Service based RSUs | Class A ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	716,330	695,826
Service based RSUs | Class B ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	0	0
Market and service based RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	185,925	226,425
Market and service based RSUs | Class A ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	185,925	226,425
Market and service based RSUs | Class B ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	0	0
Stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	8,179,260	6,919,347
Stock options | Class A ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	1,687,739	1,462,885
Stock options | Class B ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	6,491,521	5,456,462
ESPP
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	109,090	132,519
ESPP | Class A ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	109,090	132,519
ESPP | Class B ordinary shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Share-based payment arrangements	0	0

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Schedule of supplemental cash flow (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 29, 2024	Oct. 01, 2023
Cash paid during the period for:
Interest	$ 37,254	$ 36,651
Income taxes, net of refunds	657	28
Noncash investing and financing transactions:
Capital expenditures in accounts payable	21,645	24,313
Change in fair value of interest rate swap, net of tax	(709)	(340)
Unsettled trade payable	0	8,329
Excise tax	$ 73	$ 1,312