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