Lucky Strike Entertainment revenue, profit edge up in fiscal Q3; JP Morgan downgrades stock

Lucky Strike Entertainment on Wednesday reported that its revenue and profit edged up in its fiscal third quarter, while JP Morgan downgraded the company’s stock (NYSE: LUCK) from neutral to underweight. Lucky Strike, the world’s largest bowling center operator and the owner of the PBA, said in this news release that its revenue for the quarter ended March 29 rose 0.7% to $342.2 million from $339.9 million in the same period a year ago, while same store sales were up 0.2%. The compan...