UK's Hollywood Bowl Group bottoms FTSE midcap on lower FY profit

Hollywood Bowl

17/12/2024 08:35

** Shares of Hollywood Bowl Group  BOWL.L  down 8.2% at 306p
- top percentage loser on the FTSE 250 index  .FTMC  
    ** The UK's largest ten-pin bowling operator posted a 5.2%
fall in FY adjusted pretax profit to 45 mln pounds ($57.10
million)
    ** FY revenue was up 7.1% but like-for-like sales growth was
up 0.2%
    ** "In the wake of Labour's tax-heavy budget, suppressed
consumer confidence will likely remain a challenge for the
bowling operator, which must pull out all the stops to entice
cash-strapped customers to spend on days out," said Julie
Palmer, a partner at Begbies Traynor
    ** Co expects annualised costs of about 1.2 mln pounds from
changes to the national insurance in UK
    ** BOWL rose ~1% YTD
    



($1 = 0.7881 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))