Shares of Hollywood Bowl Group Plc (BOWL.L) were gaining around 3 percent in the morning trading on the London Stock Exchange after the company on Wednesday posted an 8.4 percent increase in revenues in the first half of the year, helped by growth in UK and Canada.
Looking ahead, the bowling centers operator said that it is confident about the outlook for fiscal 2025, helped by a strong balance sheet and continued growth strategy.
The company reported revenues of 129.2 million pounds in the first half of 2025, higher than 119.2 million pounds in the same period last year. UK revenues rose 4.7 percent to 108.2 million pounds, while Canada revenues were up 40.8 percent, on a constant currency basis, to C$38.0 million.
Hollywood Bowl's group like-for-like or LFL revenue increased 2.1 percent in the first half, with the UK sales up 1.3 percent and Canada's growth of 13.6 percent.
The LFL revenue was slightly affected by a 0.9 percent impact from the later timing of Easter and a 0.2 percent drag from the leap year day last year.
Further, the company said it remains on track to achieve its target total of 130 centres by 2035.
Hollywood Bowl is scheduled to report its first-half results on May 29.
On the LSE, the stock is trading 3.3 percent higher at 276.25 pence.
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