Here is a summary of the trading update from Hollywood Bowl Group plc for the six months ended March 31, 2025
Strong first-half performanceGroup revenue of £129.2 million, up 8.4% year-on-year, driven by growth in both the UK and Canada.
UK revenue increased by 4.7% to £108.2 million, with like-for-like (LFL) revenue up 1.3%.
Canada revenue grew by 40.8% on a constant currency basis to CAD 38.0 million (£21.1 million), with LFL revenue up 13.6%.
Group LFL revenue was impacted by the timing of Easter and the leap year day in 2024.
Successful execution of the growth strategy: five new centre openings and six refurbishments completed during the period.
Strong balance sheetnet cash position of £22.7 million and an undrawn revolving credit facility of £25 million support the growth strategy.
Ongoing customer demand and operational momentum: the Group remains confident in the outlook for FY2025.
Resilience to inflationary pressuresover 70% of Group revenue is not subject to cost-of-goods inflation, allowing the Group to maintain affordable pricing.
Share buybacka £10 million share buyback was completed, reflecting the Groups strong cash generation and commitment to returning value to shareholders.
CEO Stephen Burns commented on the attractive and affordable nature of bowling as a leisure activity, highlighting the Groups progress in executing its growth strategy and commitment to investing in its estate and customer experience.
Interim results to be reported on May 29, 2025.
Overall, Hollywood Bowl Group plcs trading update highlights strong financial performance and successful strategy execution, positioning the Group for continued growth in the UK and Canadian markets.