Busi­ness In­sight

Hol­ly­wood Bowl

The Daily Telegraph - Business - - Business Comment -

Hol­ly­wood Bowl has struck bumper prof­its amid a year dom­i­nated by World Cup fever, writes Char­lie Tay­lor-Kroll.

The UK’s largest ten-pin bowl­ing op­er­a­tor an­nounced that its profit-be­fore-tax rose 10pc in the year end­ing in Septem­ber.

The com­pany recorded £21m in pre-tax profit in the same pe­riod last year.

The leisure gi­ant also said its to­tal sales for the year to Septem­ber grew 5.8pc from last year, when it took in £114m.

The com­pany has in­vested in its venues to in­crease its at­trac­tion to prospec­tive bowlers and has un­der­gone re­brand­ing of all 11 Bowlplex sites.

Like-for-like sales in the year end­ing in Septem­ber were be­low an­a­lysts’ fore­casts, ris­ing 1.8pc in the year.

An­a­lysts at Shore Cap­i­tal said “weather, the World Cup and gen­eral malaise on the high street” con­trib­uted to the slow­down in like-for-like sales. How­ever, the com­pany “had a cred­i­ble per­for­mance that sets them up well for the fu­ture”, they said.

Stephen Burns, the chief ex­ec­u­tive, said he was “very pleased” with the com­pany’s per­for­mance, adding that it con­tin­ued to of­fer a “great value-for-money leisure ex­pe­ri­ence”.

Hol­ly­wood Bowl has in­vested in its venues to at­tract bowlers

Stephen Burns Chief ex­ec­u­tive

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