The cost of living crisis is not impacting Hollywood Bowl, the largest tenpin bowling operator in the UK and Canada.
The company’s interim results were issued today, showing that up to March 31 revenue reached £110.2m, up from £100.2m in the comparative period of 2022. Gross profit was £91.3m compared with £86.5m and adjusted EBITDA was £43.9m compared with £42.2m.
CEO Stephen Burns reported new openings in both the UK and Canada with more in the pipeline, plus eight refurbishments.
The group is also undertaking an intensive programme of energy sustainability, with four more of its venues now having solar panels, bringing the total number to 28.
The group has "retired" the AMF brand from its operation, introducing more Hollywood Bowl and Puttstars branded locations.
Burns said that the group "remained mindful of the wider economic environment and the resulting consumer headwinds but is confident that we will continue to deliver attractive returns by delivering a sector leading leisure experience at a great value for money price point, through our motivated and well-rewarded teams."
The group has invested £11.3m in new openings, rebranding and refurbishments so far in 2023.
The company now operates 69 centres in the UK, and expanded its Canadian operation through the acquisition of Teaquinn last year, and further purchases.
