Bowling Operator Lucky Strike Cuts Outlook as War Weighs on Consumers

Lucky Strike Entertainment Corp. cut its annual outlook as the Iran war weighed on consumer sentiment in the third quarter.

The bowling operator now expects revenue growth for the year between 4% to 5%, down from 5% to 9% previously and below analysts’ estimate of 6% on average. The weaker outlook reflects softer third-quarter performance as the conflict in the Middle East and poor winter weather dampened consumer confidence and spending, the company said in a Wednesday filing.