Hollywood Bowl strikes a solid full-year
Following the successful listing on the main market of the London Stock Exchange on 21 September, ten-pin bowling operator Hollywood Bowl Group posted a trading update for the year to 30 September on Wednesday.
The London-listed firm said it has traded well through the year recording like-for-like revenues up 6.4%.
Total revenues including the Bowlplex sites are up 22.0% over the prior year.
The strong like-for-like performance was driven by growth in the core estate, the centre refurbishment programme, an improved food and beverage offer and higher amusement spend, it explained.
Hollywood Bowl’s acquisition of Bowlplex continued to be successful, with the integration progressing as anticipated and the initial returns from the first three re-brandings continuing to deliver above original expectations, the board reported.
The company said it has a good pipeline of new centres in place, and is on schedule to open in the Southampton Watermark Development during December.
Its refurbishment programme continued to progress well with the Brighton rebrand due to be completed in time for the Christmas trading period.
“We are pleased to report another successful year for Hollywood Bowl Group,” said chief executive Stephen Burns.
“We have traded very well through the year and the customer response to our investments and offer has been encouraging.”
Burns said the company was continuing to make good progress with its refurbishment and Bowlplex rebranding programme.
“The board believes Hollywood Bowl has a very promising future and is focused on capitalising on the growth opportunities ahead as a listed company.”