Hollywood Bowl boosts revenue in strong first half
Ten-pin bowling operator Hollywood Bowl said revenue for the first half of the year was up more than five per cent.
It said total revenue growth was 5.3 per cent with like-for-like growth of 4.4 per cent.
The company said its growth was driven by investment in technology and rolling out new initiatives while “maintaining our competitive price point”.
It said its refurbishment programme remains on track with seven to nine refurbishments expected this financial year.
It opened two new centres in the first-half, in line with its target of opening an average of two new centres per annum.
It opened its 60th centre at the Intu Lakeside shopping centre in March.
The company said it had a strong pipeline of new centres secured to the end of the 2022 financial year.
Chief executive Stephen Burns said: “We remain focused on delivering further organic growth through our ongoing investment in technology, refurbishments and our new centre programme, supported by our teams who work hard to ensure that every customer enjoys their time in our centres."
Analysts at Peel Hunt said Hollywood Bowl's first half sales increase "is a good result against a backdrop of unhelpful warmer weather".
Hollywood Bowl’s share price rose 1.3 per cent to 223p.