# EDGAR Filing Document

**Accession Number:** 0001840572
**File Stem:** 0000000000-23-001637
**Filing Date:** 2023-2
**Character Count:** 7199
**Document Hash:** 25af52558c6e92324771ba46d3a0541e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001637.hdr.sgml**: 20230411

**ACCESSION NUMBER**: 0000000000-23-001637

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230217

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bowlero Corp.
- **CENTRAL INDEX KEY:** 0001840572
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
- **IRS NUMBER:** 981632024
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 0703

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 7313 BELL CREEK ROAD
- **CITY:** MECHANICSVILLE
- **STATE:** VA
- **ZIP:** 23111
- **BUSINESS PHONE:** 800-417-2000

**MAIL ADDRESS:**
- **STREET 1:** 7313 BELL CREEK ROAD
- **CITY:** MECHANICSVILLE
- **STATE:** VA
- **ZIP:** 23111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Isos Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210114
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001628280-22-024988

## Text-Extract

```

United States securities and exchange commission logo

                            February 17, 2023

       Thomas Shannon
       Chairman and Chief Executive Officer
       Bowlero Corp.
       7313 Bell Creek Road
       Mechanicsville, Virginia 23111

                                                        Re: Bowlero Corp.
                                                            Form 10-K for
Fiscal Year Ended July 3, 2022
                                                            Form 8-K filed
November 16, 2022
                                                            File No. 001-40142

       Dear Thomas Shannon:

              We have reviewed your filings and have the following comments. In
some of our
       comments, we may ask you to provide us with information so we may better
understand your
       disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 8-K filed November 16, 2022

       Exhibit 99. 1 Press Release, page 1

   1.                                                   In your press release
you disclose the Non-GAAP measure " Adjusted EBITDA Margin".
                                                        Please revise to
disclose the most comparable GAAP measure "Net Loss Margin" with
                                                        equal or greater
prominence in any future press releases. Refer to the guidance in Item
                                                        10(e)(1)(i)A of
Regulation S-K, Regulation G and Question 102.10 of the Compliance and
                                                        Disclosure
Interpretations Regarding Non-GAAP Measures.
   2.                                                   In your press release,
you disclose the Non-GAAP Measure "Center EBITDA". Please
                                                        revise to disclose why
you believe this measure is meaningful to potential investors as
                                                        well as the additional
purposes, if any, that this measure is used by management. Refer to
                                                        the guidance in Item
10(e)(1)(i)(C) and (D) of Regulation S-K. Also, as it does not appear
                                                        that you have adjusted
for all SG&A expenses incurred during the periods in arriving at
                                                        this measure, please
explain in further detail how you determined the amounts of the
                                                        adjustments made for
SG&A expenses in arriving at this Non-GAAP measure.
 Thomas Shannon
Bowlero Corp.
February 17, 2023
Page 2

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       You may contact Linda Cvrkel at (202) 551-3813 or Angela Lumley at (202)
551-3398
with any questions.

FirstName LastNameThomas Shannon                          Sincerely,
Comapany NameBowlero Corp.
                                                          Division of
Corporation Finance
February 17, 2023 Page 2                                  Office of Trade &
Services
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

DIVISION OF
CORPORATION FINANCE

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

February 17, 2023

Thomas Shannon
Chairman and Chief Executive Officer
Bowlero Corp.
7313 Bell Creek Road
Mechanicsville, Virginia 23111

**Re: Bowlero Corp.**

**Form 10-K for Fiscal Year Ended July 3, 2022**

**Form 8-K filed November 16, 2022**

**File No. 001-40142**

Dear Thomas Shannon:

We have reviewed your filings and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response to these comments, we may have additional comments.

Form 8-K filed November 16, 2022

Exhibit 99. 1 Press Release, page 1

1. In your press release you disclose the Non-GAAP measure " Adjusted EBITDA Margin". Please revise to disclose the most comparable GAAP measure "Net Loss Margin" with equal or greater prominence in any future press releases. Refer to the guidance in Item 10(e)(1)(i)A of Regulation S-K, Regulation G and Question 102.10 of the Compliance and Disclosure Interpretations Regarding Non-GAAP Measures.
2. In your press release, you disclose the Non-GAAP Measure "Center EBITDA". Please revise to disclose why you believe this measure is meaningful to potential investors as well as the additional purposes, if any, that this measure is used by management. Refer to the guidance in Item 10(e)(1)(i)(C) and (D) of Regulation S-K. Also, as it does not appear that you have adjusted for all SG&A expenses incurred during the periods in arriving at this measure, please explain in further detail how you determined the amounts of the adjustments made for SG&A expenses in arriving at this Non-GAAP measure.

Thomas Shannon
Bowlero Corp.
February 17, 2023
Page 2

We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

You may contact Linda Cvrkel at (202) 551-3813 or Angela Lumley at (202) 551-3398 with any questions.

Sincerely,

Division of Corporation Finance
Office of Trade & Services