Pinstripes Holdings, Inc. Overview
Pro stress-test →Pinstripes is an experiential dining and entertainment concept combining exceptional Italian-American cuisine with bowling, bocce, and private event banquet space for groups of 20 to 1,000. Founded in 2007, the company is headquartered in Chicago and currently operates sixteen locations across the US. The company has faced severe distress, culminating in bankruptcy proceedings.
Strategic Profile
Pro stress-test →The NYSE delisted the stock in March 2025 after market capitalization fell below $15 million, and the company filed chapter 11 in September 2025. Pinstripes faced multiple pressures: consumer spending pullback on discretionary entertainment, food and labor cost inflation, same-store sales declining 7.7%, expansion locations underperforming projections, and approximately $143 million in secured debt. The public holding company sold its eatertainment assets to lender affiliate SilverStrike through a $15M credit bid before chapter 7 conversion.
Competitive Landscape
Pro stress-test →Pinstripes competed in the 'eatertainment' segment against other experiential dining-entertainment venues offering food, beverage, and recreational activities. Direct competitors included other bowling-focused restaurants and upscale casual dining venues. The segment proved vulnerable to discretionary spending pullbacks and high fixed costs during economic headwinds.
Industry Context
Pinstripes Holdings, Inc. operates in Experiential dining and entertainment / Eatertainment.
Key facts
Founded: 2007 · Headquarters: Chicago, US · Employees: N/A · Revenue: $125.4 million · Market cap: N/A