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Hollywood Bowl ( (GB:BOWL) ) just unveiled an update.
Hollywood Bowl Group plc reported a record year of revenue growth and strategic expansion for the fiscal year ending September 30, 2024. Despite challenges with profit margins, the company invested £50 million in expanding and improving its portfolio, opening new centers in both the UK and Canada, and enhancing customer experience through technological innovations. The group’s revenue increased by 7.1% to £230.4 million, driven by strong demand and operational improvements. The company plans to continue its growth strategy, with expectations to open additional centers by FY2025, aiming for 130 centers by 2035, while maintaining financial resilience against inflationary pressures.
More about Hollywood Bowl
Hollywood Bowl Group plc is the largest ten-pin bowling operator in the UK and Canada, focusing primarily on providing a family-friendly, affordable leisure experience through its expansive portfolio of bowling centers. The company is strategically positioned in the competitive socializing market, continually expanding and enhancing its offerings across its significant market footprint.
YTD Price Performance: 15.73%
Average Trading Volume: 410,835
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £579.1M
See more insights into BOWL stock on TipRanks’ Stock Analysis page.
