Pinstripes Holdings, Inc.

pinstripes.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Feb 19, 2025. Its latest SEC filing is a EFFECT from Jul 29, 2025.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Runs experiential dining and entertainment venues offering Italian-American food, bowling and bocce, with private events for consumers, families and businesses.

How Did They Make Money?

Guests pay for food, drinks, bowling and bocce at the point of sale; event customers pay deposits in advance, while gift cards are paid for when bought and redeemed later.

FY2024 revenue

Who Were Their Customers?

Consumers visit for dining, bowling and bocce, while businesses and private groups book social and corporate events through location event teams or online; the company also caters off-site for nearby businesses.

Did Revenues Turn Into Profits?

No. It lost $6.8M in FY2024.

Operating income, FY2024

−18% of revenue

▲ +59% (Loss) vs FY2023 (−$13.7M, −12%)

Net income, FY2024

−6% of revenue

▼ −10% (Loss) vs FY2023 (−$7.5M, −7%)

Free cash flow, FY2024

−46% of revenue

▲ +119% (Loss) vs FY2023 (−$25M, −22%)

How Were They Changing?

Since the FY2024 annual report

Latest quarter: Q3 FY2025, the three months to Jan 5, 2025

Revenue: ▲ +10%; vs $32.2M in Q3 FY2024
Net income: ▼ Now a loss; vs $12.2M in Q3 FY2024

Mar 13, 2025 Appointed an interim chief financial officer Richard Abbey took the role effective immediately.
Mar 7, 2025 Agreed to a recapitalization that would give Oaktree control The plan calls for Oaktree to hold 85% of the stock and requires delisting from the NYSE; closing awaits definitive agreements.
Feb 28, 2025 Chief financial officer resigned Anthony Querciagrossa's resignation took effect February 28, 2025.

Comments