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Trading Statement

9 Jul 2015 07:00

RNS Number : 5504S
Goals Soccer Centres PLC
09 July 2015
 

Goals Soccer Centres plc

('Goals' or 'The Company')

 

Trading Update

 

Goals Soccer Centres plc, the UK's premier operator of next generation outdoor 5-a-side soccer centres with 46 centres in the UK and one in Los Angeles, USA, announces a trading update for the six months ended 30 June 2015, in advance of the release of the Company's interim results on 9 September 2015.

 

Group sales for the period were in-line with last year at £17.1m (2014: £17.1m), with Group like-for-like sales down by 1%. UK like-for-like sales declined by 2% as a result of adverse weather conditions in the first quarter as compared to last year and some softness in the casual market. Trading strengthened during Q2, although not sufficiently to fully recover the Q1 shortfall.

 

The US business continues to perform strongly with like-for-like sales increasing by 20% as the centre's popularity increases, reinforcing our confidence in our planned US roll-out. The US site pipeline is developing, with legals concluded, planning consent achieved and building permits at an advanced stage on one site with construction due to commence in the second half of the year. Heads of terms are agreed and legals commenced on a further three sites. Following the recent appointment of our US Development Director we expect progress to gather further momentum.

 

During the period the Group opened new centres in Manchester and Doncaster and construction is due to commence on an additional UK centre in the second half of the year.

 

Take-up of the new mobile app continues to build, with total downloads in excess of 30,000 and are still increasing on a weekly basis. Use of player blasts has been one of the most used features, which has helped to reduce cancellations by sourcing additional players, who are 'up for a game.' A new app loyalty scheme is being developed to accelerate greater take-up of other features.

 

Keith Rogers, Managing Director, said:

 

"Our UK performance, against some tough comparatives, has been slightly below our expectations. However, we are very encouraged by the ongoing strength in US trading which supports our development programme in the Los Angeles area."

 

All figures quoted above are unaudited.

 

9 July 2015

 

Enquiries: Goals Soccer Centres plc

Keith Rogers, Managing Director

Tel: 01355 234 800

Bill Gow, Finance Director

Canaccord Genuity

Tel: 020 7523 8350

Bruce Garrow

Chris Connors

Instinctif Partners

Tel: 020 7457 2020

Mark Reed

Guy Scarborough

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTKMGGNKRDGKZM
Date   Source Headline
20th Aug 20073:37 pmRNSHolding(s) in Company
16th Aug 20079:38 amRNSInterim/AIM Rule 26
13th Jul 20074:36 pmRNSPrice Monitoring Extension
30th May 20073:01 pmRNSSite Visit
20th Apr 20073:00 pmRNSResult of AGM and FA Award
19th Apr 200710:07 amRNSHolding(s) in Company
28th Mar 20074:34 pmRNSHolding(s) in Company
28th Mar 20071:20 pmRNSHolding(s) in Company
9th Mar 200712:31 pmRNSDirector/PDMR Shareholding
8th Mar 200710:13 amRNSDirector/PDMR Shareholding
26th Feb 20077:01 amRNSFinal Results
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12th Feb 200711:39 amRNSNotice of Results
8th Feb 20079:54 amRNSHolding(s) in Company
15th Dec 200610:12 amRNSTotal Voting Rights
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22nd Nov 200612:20 pmRNSHolding(s) in Company
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10th Oct 20063:09 pmRNSHolding(s) in Company
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4th Oct 200611:06 amRNSDirector/PDMR Shareholding
4th Oct 200610:00 amRNSHolding(s) in Company
18th Sep 20067:01 amRNSInterim Results
6th Sep 20069:39 amRNSHolding(s) in Company
21st Aug 20063:00 pmRNSNotice of Results
2nd Aug 20065:00 pmRNSHolding(s) in Company
3rd May 200611:01 amRNSHolding(s) in Company
20th Apr 200612:08 pmRNSResult of AGM
11th Apr 20063:25 pmRNSDirector/PDMR Shareholding
13th Mar 200611:25 amRNSDirector/PDMR Shareholding
6th Mar 20067:13 amRNSFinal Results
21st Feb 200611:22 amRNSChange of Registered Office
14th Feb 20064:15 pmRNSHolding(s) in Company
14th Feb 20062:41 pmRNSHolding(s) in Company
7th Feb 20068:49 amRNSNotice of Results
11th Jan 20069:46 amRNSHolding(s) in Company
9th Sep 20057:01 amRNSInterim Results
9th Aug 20058:46 amRNSNotice of Results
7th Apr 20059:41 amRNSHolding(s) in Company
24th Mar 20054:37 pmRNSHolding(s) in Company
1st Mar 200511:04 amRNSHolding(s) in Company
22nd Feb 20057:00 amRNSFinal Results
2nd Feb 20055:01 pmRNSHolding(s) in Company
26th Jan 20052:53 pmRNSNotice of Results
24th Jan 20053:48 pmRNSHolding(s) in Company
21st Jan 20059:27 amRNSHolding(s) in Company

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