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Pin to quick picksHollywood Bwl Regulatory News (BOWL)

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Trading Statement

9 Apr 2018 08:25

RNS Number : 1896K
Hollywood Bowl Group plc
09 April 2018
 

9 April 2018

 

Hollywood Bowl Group plc

("Hollywood Bowl" or the "Group")

 

Half Year Trading Update

 

Strong revenue growth with good progress in new centre programme

 

 

Hollywood Bowl, the UK's largest ten-pin bowling operator, is pleased to announce a trading update for the six months ended 31 March 2018.

 

The Group has traded well through the first half of the financial year with total revenue growth of +9.3% and like-for-like ("LFL") revenue growth of +4.0%.

 

This continued strong LFL performance has been driven by the ongoing successful execution of our organic growth strategy of investment in enhancing our customer experience. This has included the refurbishment of Bradford Hollywood Bowl and the rebrand and refurbishment of Bowlplex centres in Birmingham and Dunfermline.

 

New centre programme

 

We continue to expand our nationwide portfolio and customer reach with our 58th and 59th centres opening in Dagenham and Yeovil, both of which are performing in line with management's expectations.

 

In addition, the Group's new centre pipeline has been further strengthened with centres signed for development in exciting new leisure schemes in Swindon and Southend.

 

Stephen Burns, Chief Executive Officer of Hollywood Bowl Group, said:

"We are pleased with our half year performance, with results in line with our expectations. The Group had another very successful Christmas, delivering LFL sales growth for the sixth consecutive year over this important trading period.

 

"Our teams are focused on maximising the opportunities created by our ongoing refurbishment and new centre programme in the second half of the year and continuing to deliver great value experiences for our customers across our estate."

 

The Group expects to report its interim results for the six months ended 31 March 2018 on Wednesday 23 May 2018.

 

Enquiries:

 

Hollywood Bowl Group

Steve Burns, Chief Executive

Laurence Keen, Chief Financial Officer

Mat Hart, Commercial Director  

via Tulchan Communications

 

 

 

Tulchan Communications

James Macey White

Elizabeth Snow

+44 (0) 207 353 4200

 

 

 

Notes to Editors:

Hollywood Bowl is the UK's largest ten-pin bowling operator, with a high quality portfolio of 59 profitable centres operating across the UK under the Hollywood Bowl, AMF and Bowlplex brands. The Group specialises in operating large, high quality bowling centres, predominantly located in out of town multi-use leisure parks (typically co-located with cinema and casual dining sites) and large retail parks. The centres are designed to offer a complete family entertainment experience with each centre offering bowling lanes, on-site dining, licensed bars, and state-of-the-art family games arcades.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTMMGGDKRGGRZM
Date   Source Headline
9th Jan 201810:21 amRNSHolding(s) in Company
9th Jan 201810:21 amRNSHolding(s) in Company
8th Jan 20183:56 pmRNSHolding(s) in Company
2nd Jan 20185:05 pmRNSDirector/PDMR Shareholding
2nd Jan 20184:25 pmRNSAnnual Financial Report and Notice of AGM
18th Dec 201712:28 pmRNSHolding(s) in Company
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14th Dec 20174:10 pmRNSDirector/PDMR Shareholding
11th Dec 20177:00 amRNSFinal Results - Year Ending 30 September 2017
14th Nov 20179:00 amRNSNotice of Results
6th Oct 201711:25 amRNSHolding(s) in Company
6th Oct 20177:00 amRNSTrading Statement
28th Sep 201710:25 amRNSDirectorate Change
27th Sep 20175:34 pmRNSHolding(s) in Company
21st Sep 20171:27 pmRNSHolding(s) in Company
19th Sep 20174:45 pmRNSHolding(s) in Company
8th Sep 20173:35 pmRNSHolding(s) in Company
17th Aug 20174:49 pmRNSHolding(s) in Company
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12th Jun 20172:13 pmRNSHolding(s) in Company
1st Jun 20175:07 pmRNSHolding(s) in Company
24th May 20177:00 amRNSHalf-year Results
22nd May 201710:11 amRNSHolding(s) in Company
20th Apr 201710:07 amRNSHolding(s) in Company
13th Apr 201711:25 amRNSHolding(s) in Company
13th Apr 201710:45 amRNSHolding(s) in Company
11th Apr 20173:04 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
10th Apr 20174:33 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
10th Apr 20173:06 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
7th Apr 20173:41 pmRNSDirectorate Change
7th Apr 20177:00 amRNSResult of ABB in Hollywood Bowl Group Plc
6th Apr 20174:45 pmRNSProposed ABB in Hollywood Bowl Group Plc
5th Apr 20177:00 amRNSTrading Statement
20th Mar 20177:00 amRNSDirector/PDMR Shareholding
28th Feb 20171:15 pmRNSDirector/PDMR Shareholding
27th Feb 20175:41 pmRNSDirector/PDMR Shareholding
23rd Feb 20172:02 pmRNSResult of AGM
22nd Feb 20172:39 pmRNSHolding(s) in Company
31st Jan 201712:07 pmRNSSecond Price Monitoring Extn
31st Jan 201712:02 pmRNSPrice Monitoring Extension
13th Jan 20173:36 pmRNSHolding(s) in Company
9th Jan 201712:07 pmRNSSecond Price Monitoring Extn
9th Jan 201712:02 pmRNSPrice Monitoring Extension
6th Jan 20171:55 pmRNSHolding(s) in Company
4th Jan 201711:45 amRNSAnnual Financial Report and Notice of AGM
13th Dec 20167:00 amRNSFinal Results - Year Ending 30 September 2016
14th Nov 20167:00 amRNSNotice of Results
9th Nov 20163:14 pmRNSReduction of Capital
12th Oct 20167:00 amRNSYear end trading update
5th Oct 201610:26 amRNSHolding(s) in Company

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