Hollywood Bowl Group, the UK's largest ten-pin bowling operator, has today posted its pre-close trading update for the year ended 30 September 2017.
Hollywood Bowl has continued its positive trading performance from the first half of the year with second half group revenue growth of 10% against the comparable period last year. Overall, group revenue for the full year grew by 8.9%, with LFL revenue growth of 3.5%.
At its IPO in September 2016, Hollywood Bowl set out a growth strategy focused on expanding its number of centres, investing in refurbishments and the rebranding of its Bowlplex sites into Hollywood Bowl centres, and continuing to innovate and improve the customer experience. The successful execution of this strategy has delivered a strong financial and operational performance for the company.
Stephen Burns, Chief Executive Officer of Hollywood Bowl Group, (pictured) said, 'We are very pleased with our full year performance, delivering good results marginally ahead of expectations, through the effective execution of our customer led strategy which is underpinned by our capital expenditure programme.
'Our centre teams con nue to work very hard to ensure our customers have a fun-filled, great value for money leisure experience, whilst managing cost and improving our margins.'