INVESTORS PUT THE BOOT INTO GOALS
GOALS Soccer Centres has warned it will score slower than expected sales in the second half of the year as five-a-side football feels the impact of a consumer spending squeeze.
The company is making a big investment in pitches, floodlights and clubhouses, but centres not yet upgraded are underperforming. It operates 48 sites, with two in California, and has teamed up with Manchester City’s owner to drive expansion in North America.
Half-year pre-tax profit fell by 25.7 per cent to £2.6million on 2.2 per cent higher sales of £17.4million. Like-for-like sales were up 1.6 per cent compared with a 2 per cent decline last time. Shares fell 9½p to 94½p.