Good Corp. for of Brett joining us earnings year the to QX of am evening, President Parker, XXXX. Thank discussion I and Chairman, you for welcome fiscal Vice CFO and Corp. Bowlero Bowlero today.
Simply stated, we had quarter. a terrific
second in XXXX far walk-in headwind $XX periods. beyond Omicron the the from significant resulting last across events, which the business momentum growth into that the grew the from have one first year most million positive lines, We our strong the and estimated leagues pleased prior continued that response. of fiscal report various our was are we year faced we retail, to of the of Notably, quarter seasonally quarter, our
our about business' we Solutions, app we Quantitative growth extremely During optimistic our financial today's walk QMS proprietary our powered the or remain in gamification and to will why Management algorithmically through results, system, discussing addition call, MoneyBowl trajectory.
of by financial and Bowlero adjusted $XX adjusted the QX of prior Compared Compared or EBITDA second revenue year EBITDA adjusted million with $XXX the revenue million and In highlights. million pre-pandemic the XX%. was $XX million million. by or quarter fiscal revenues record to grew with $XX by QX, $XX EBITDA year's performance, XX% XXXX, or Starting QX record generated million expanded higher or increased $XX XX% by and XX%. of
related for of income expense net was $X.X and a Net the shares, million, income quarter to adjusted valuation million. the $XX.X for earn-out normalized the non-cash was
revenues reached basis, announced, and on margin. reaching TTM a adjusted TTM XX.X% $XXX level million, billion, surpassed billion As $X a reflecting we $X.XX EBITDA previously a record of
management in performance key As three fiscal demand all management's powered lead serves which differentiators: the quarter, in a is testament system; QMS, our the first we we algorithmically the the to see as ability to environments; macro this in and of uptick business. benefits highlighted incredible continued across
an Subsequent the to to end, our loan transaction successfully X, extend refinancing B. we maturity February the term for amend closed address July on and XXXX quarter
from our from the from $XXX upgrade XXXX, Moody's loan existing BX $XXX million to proceeds loan maturity incremental in our bolstered credit and leverage and B liquidity revolver. extended all We of the $XXX part payoff on our upsized our from transaction. profile, draw to we term ratings $XX revolving net our BX million the million February facility this to a neutral transaction, increased use to As received and term million a to
XX.X% at advisers basis from tightened to like we process, to OID initial who points SOFR XXX XXX XX% our assisted price We pleased support report and legal talk During OID. terms and to and and the are basis appreciate extend transaction. able that and spread loan our we initial the to market's twice the transaction XXX versus were on in term plus would of underwriters talk points thank
In update the repurchased capital stock worth $X approximately markets authorized another program. quarter, There's stock million we repurchase noting. under worth our of
at the shareholders. the end of repurchased average purchased initiation price shares an During fiscal buyback average shares we QX, nearly through the Since $XX.XX. million of returned $XX of second quarter, so in X,XXX,XXX at an of we and $XX.XX, have price our to doing,
$XXX Including these repurchases, we $XXX million remaining initial authorization. from still million have roughly the
issued repurchases, our May XXXX. these redemption of we program than warrant recent executed dilution the have shares share now with Additionally, more as offset from in part
with bringing of Slide this XXX. new Now X. majority as portfolio, center to XXXX, portfolio. compelling long-term our to real that second expand opportunity the came turning transactions further centers provides The week. in stability a to excellent to A have for the and count business through optionality In estate centers, executed the and our transaction raise these we well, XX of to or our mortgages start including eight robust fiscal future. additional acquisitions Since total owned we which remains offers sale-leaseback significant new traditional added cash pipeline one we quarter, added
financial our back Shifting performance. to
that unprecedented persisted five our third of first across We weeks fiscal quarter. to levels share the are demand through the pleased have our business
additional of a On Slide macro fears environment, increasing inflation of is weakening to there materials, the recession. of the consumer, context talk and extended of around release the center have level where X we provide data evolving
were and remained the by XX% same any compared the same-store year revenue were in same time the growing revenues XX% same-store basis. levels macro period to maybe FYXXXX XX XX%. pre-pandemic year, on in by prior February higher When revenues higher with increasing growth play, XX% total revenue the versus ending in XXXX first weeks of incredibly headwinds that robust, X, fiscal Despite
Xth are most remains period pre-pandemic the recent the While the over in XX-week results February comparable ending preliminary, higher XX% the than revenue period.
primary recent robust level remain performance quarters. most economics, Our our as impressive equally center and of financial the overall as our three driver
positive group to and year. the in period across and of Slide year, increased walk-in tournaments. segments, retail, and prior year million As retail was due increased partially $XX to events our on level each Omicron-related comparable a staggering Relative with highlighted softness momentum center the leagues over up XX% events guest XX% prior XX%, prior the X, revenue or walk-in
Nevertheless, growth by continued This an jumped impressive and growth center XX% and into the material EBITDA, pre-pandemic topline price. XX% reached in year-over-year over volume driven reaching which million. astounding both translated growth level levels $XXX period, strong
level center basis XX% points period. comparable EBITDA increased XXX the the and XXX year Our margin basis relative pre-pandemic prior to points above
and growth was as basis, highlighted that by pre-pandemic XX.X% during driven adjusted Slide margin were and of experience expansion consolidated metric through of we to peers. EBITDA basis realize surged despite cost a in This operational our excess all On of three talent quarter's margins our enable organization, leverage these operating to decades conference our above and of business, the helping revenue well inflation proprietary growth margin points on the in us last continue XXX deliver almost factors: across world-class inherent implementation which some learnings input technology to systems, shown X, comparable and call. the
quarters. the paid robust explained earnings levels increased revenue seasonally fiscal has call, quarter experienced growth we our in third second in our off second in invested our we last staffing strategically significant given As investment and during fiscal the quarter. clearly ahead That we fiscal first of
is EBITDA and this aided perspective, revenue by significant and To one let's the our record-setting weather Slide adjusted conditions From during elevated a quarters, to most holiday turn vis-a-vis quarter of X. favorable our provide performance QX demand additional two color season. seasonality
typical to pre-pandemic believe the continue of curve in that the indicative most business. revenue our remains We trends view seasonality
FYXXXX. the confidence support a exclude basis million half $XX the the in year. the mentioned into earlier, the revenues heading revenue even year, This our of we if of fiscal both we in quarter and on second rebound As of quarters event of we have TTM first billion XXrd and the week surpassed vis-a-vis fourth $X benefit league seen the second
providing We well We enterprises delightful maximization always, North our for guests. remain going the so focused, positioned as forward. Star, of long-term value experiences do remain to our on by
QMS. on we detail results, As have our thought reflect able be to cloud-based helpful management software, it we powered would been provide we algorithmically to these achieve proprietary more and about how stellar
our we daily short, to key Bowlero's we is system. Slide are tinkerers performance Let's relentless is In such X. At tool improvement it pursuit a a to move a perpetual operating of implement core, optimization QMS basis. and on on use
silos through detail. more are walk in let's There core QMS. it to three Now
respective versus impact. top-performing in various the cost its a and is Silo is The a is first against a XX benchmarking where centers quantifies system center peer optimization opportunities dollar each compared gap potential of in relevant engine, forced revenue across group order best number across roughly our the optimization potential cohort. of ranks of the the ranked which impact best metrics. benchmarking tool, This of closing two parameters maximum the revenue dollar these cost and and
each silo Silo we management to from All More the at changes the to core organization center managers operating Finally, QMS have individual and specifically, houses implement three which track learning needs any that how to respective exemplifies that can how is manager resources performing, system all to is relevant and data center. ideation our the a transition our is access transparency the execution. local in third ethos.
we new QMS periods. excellence in level importantly, the all because bar performance future advantage, to that achieve most is peer self-reinforcing operational are Perhaps for the set competitive of raises in each a centers able
to evaluate commercialization we basis. Additionally, significant continue believe has ongoing QMS third-party we potential, which an on
gamification initiatives engagement app, highlighted visit. year guest was which games technology Last quarter, that per bowl measured our MoneyBowl, other and is designed additional the as boost of the through launch visits per to we
internally difficult in on which guests XXX depending levels guest As a determine win as a brief availability commensurate row. bowling recap, in MoneyBowl is to the enables to level, easy location. MoneyBowl challenges as with algorithms app to the four difficulty certain other that challenges on uses developed cash range or and from prices the payout in proprietary as breaking skill strikes as participate to an
downloads has rolled of footprint centers As shown reached has or thus approximately now MoneyBowl Slide XX, out our XX,XXX XX XX% to over and on far. been
While we it by is too draw to still indications. encouraged conclusions preliminary definitive share results, or the are early
have shared sign-up low screenshots process. the of we connection slide, this lane friction On and
a have average tool itself. be of to As and we enhanced size, add Rather, not ticket a engagement, reminder, contribution line. customer ultimately is which our all the increase virtually share we in to believe this of wallet XXX% value center is and/or margin will profit bottom true which designed
of group also product. several management a bowlers younger differentiation tech-enabled working we proprietary our part our Gems, addressable These management the other open and systems, labor our other not our are lane-side on expand system, performance. the are real free-to-play tools, further as are engaging and our financial MoneyBowl and with including for kiosks version ordering event through bowlers demonstrated system to audience, who QMS, To money
Slide XX. to turning Now
X% than of our as to revenue. $XXX of maintenance business nearly addition generated margin has cash our position very In commanded million best-in-class QX in In our generative a versus we finished company from profile, in flow cash CapEx less the FYXXXX, highly historically period. strong million. The million the $XX with operations balance cash of adjusted $XX year in comparable a prior is quarter
self-funded cash to with and buybacks, redeployed all Consistent across history, and center we of which the center attractive portfolio multi-year acquisitions, flow upgrades record renovations, share our track of have our significant existing producing a returns. newbuilds
performance to QX of pre-pandemic second In year. of the company's revenue EBITDA levels in outpace in history. FYXXXX continued multi-decade last summary, records the quarter and over new those and fiscal We the adjusted terms significantly generated set Bowlero's
XXXX. public of company demonstrate a momentum positive listed the we the in realized since we proud of have are results, the continuation which December as of We
Fiscal year of is fiscal new believe poised going XXXX center momentum the only through continue to year strengthen company growth scaling in we continued and additions combination has XXXX, organic and we forward. to the a experienced
look to I quarter. again next Thank you and for forward time, presenting your
now please will led and our Shannon. brief We open a the for begin Thomas questions. Chairman, Operator, Founder line by Q&A CEO,
