Refile: UK's Hollywood Bowl H1 revenue rises 9.5% on new centres, increased spend per game
REFILE-UK's Hollywood Bowl H1 revenue rises 9.5% on new centres, increased spend per game Corrects to add dropped word "on" in headline
Overview
UK leisure bowling operator's H1 revenue rose 9.5% year-on-year
Adjusted EPS for H1 increased 11.3%, while reported profit after tax declined on one-off costs
Company announced £5 mln share buyback for H2 FY26
Outlook
Hollywood Bowl remains confident in delivering on expectations for FY26
Company plans to open two UK centres and one Canadian centre in H2 FY26
Company expects accelerated new centre pipeline for FY27
Result Drivers
NEW CENTRES - Revenue growth driven by new centre openings in both UK and Canada, with new sites exceeding expectations
SPEND PER GAME - Increased spend per game in both UK and Canada, supported by dynamic pricing, uptake of add-on sales, and strong amusements mix
COST CONTROL - Disciplined cost management and insulation against inflationary pressures supported profit growth
Company press release: ID:nRSa7663Fa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 141.5 mln |
|
H1 Net Income |
| GBP 19.5 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy."
Wall Street's median 12-month price target for Hollywood Bowl Group PLC is GBp380.00, about 46.2% above its May 26 closing price of GBp260.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)