Pinstripes Plans Steady U.S. Growth, Eventual Overseas Expansion After Rocky Wall Street Debut
• Pinstripes plans to expand with 6-8 new locations per year after debuting on public markets via SPAC merger
• Seeking to offer more premium experience compared to competitors like Topgolf and Dave & Buster’s
• Suburban migration and corporate events helping business amid broader consumer pullback
• Stock has fallen nearly 70% since listing via SPAC at start of 2022
• Long-term expansion goals include overseas growth through partnerships or licensing deals