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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
10th May 201812:34 pmRNSResult of AGM
10th May 20187:00 amRNSAGM Statement
23rd Apr 201811:25 amRNSHolding(s) in Company
23rd Apr 201811:21 amRNSHolding(s) in Company
17th Apr 20187:00 amRNSNotice of AGM
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13th Mar 20187:00 amRNSFinal Results for the year ended 31 December 2017
26th Feb 201811:42 amRNSNotification of Final Results
21st Feb 201810:03 amRNSHolding(s) in Company
20th Feb 20185:14 pmRNSHolding(s) in Company
8th Feb 20187:00 amRNSAppointment of CEO
31st Jan 201812:43 pmRNSHolding(s) in Company
31st Jan 201811:21 amRNSHolding(s) in Company
22nd Jan 20187:00 amRNSPost Close Trading Update
18th Jan 20183:27 pmRNSNotification of Trading Update
19th Dec 20171:55 pmRNSHolding(s) in Company
13th Oct 20179:25 amRNSHolding(s) in Company
13th Oct 20177:00 amRNSDirector/PDMR Shareholding
12th Oct 20177:00 amRNSDirectorate Change
21st Sep 20178:57 amRNSHolding(s) in Company
12th Sep 20177:00 amRNSInterim Results
5th Sep 20171:23 pmRNSHolding(s) in Company
31st Aug 20177:00 amRNSNotice of Interim Results
30th Aug 20174:52 pmRNSHolding(s) in Company
25th Aug 20174:20 pmRNSHolding(s) in Company
24th Aug 20176:02 pmRNSHolding(s) in Company
24th Aug 20172:30 pmRNSHolding(s) in Company
7th Aug 20177:00 amRNSHolding(s) in Company
25th Jul 20177:01 amRNSJoint Venture
25th Jul 20177:00 amRNSTrading Update
9th May 20172:45 pmRNSResult of AGM
9th May 20177:00 amRNSAGM Statement
24th Apr 20173:00 pmRNSNotice of AGM & Posting of Annual Report
24th Apr 20177:00 amRNSRe: Media speculation
4th Apr 201712:37 pmRNSHolding(s) in Company
4th Apr 201710:44 amRNSHolding(s) in Company
21st Mar 20177:00 amRNSFinal Results
16th Jan 20177:00 amRNSPost Close Trading Update
6th Dec 20164:10 pmRNSRe: Directorate
4th Nov 20167:00 amRNSRe Directorate
29th Sep 201610:39 amRNSHolding(s) in Company
16th Sep 20165:38 pmRNSDirector/PDMR Shareholding
13th Sep 20167:00 amRNSInterim Results
24th Aug 20162:48 pmRNSNotice of Interim Results
8th Aug 20167:00 amRNSHolding(s) in Company
5th Jul 20167:00 amRNSHolding(s) in Company
4th Jul 201610:10 amRNSDirector/PDMR Shareholding
24th Jun 20165:05 pmRNSHolding(s) in Company
22nd Jun 201611:20 amRNSResult of GM
7th Jun 20165:05 pmRNSHolding(s) in Company

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