Hollywood Bowl Group (BOWL)

257.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 276.50
  • 52 Week Low: 165.40
  • Currency: UK Pounds
  • Shares Issued: 171.07m
  • Volume: 106,439
  • Market Cap: £439.65m

Hollywood Bowl strikes with revenue jump

By Frank Prenesti

Date: Wednesday 25 May 2022

LONDON (ShareCast) - (Sharecast News) - Ten-pin bowling chain Hollywood Bowl reported surging revenues and reinstated its dividend as it cashed in on pent-up demand after Covid lockdowns.
It also unveiled the acquisition of Canadian-based bowling business Teaquinn Holdings for 17m Canadian dollars.

The company said revenue said in the six months to March 31 soared to £100.2m from £10.4m a year earlier and up 36.3% on the £67m in the pre-pandemic 2019. Hollywood Bowl said it had only seen a limited impact from the Omicron Covid variant in December.

Adjusted core earnings rolled in at £42m from £0.2m a year ago and a dividend of 3p a share was declared.

"We saw exceptional pent-up demand in the first half which, in addition to the investments made in our customer experience, led to us achieving a record first half with four of our top performing months ever," said chief executive Stephen Burns.

"The strength of our balance sheet supports our ability to continue to invest in our growth strategy, including growing our portfolio in the UK as well as our entry into the Canadian market."

"While we are aware of the financial challenges many of our customers are facing, we continue to provide a great value for money experience."

"We are confident that demand will remain resilient as families seek out affordable leisure activities."

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BOWL Market Data

Currency UK Pounds
Share Price 257.00p
Change Today 1.50p
% Change 0.59 %
52 Week High 276.50
52 Week Low 165.40
Volume 106,439
Shares Issued 171.07m
Market Cap £439.65m

BOWL Star Ratings

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What The Brokers Say

Strong Buy 5
Buy 3
Neutral 0
Sell 0
Strong Sell 0
Total 8
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BOWL Dividends

  Latest Previous
  Final Special
Ex-Div 02-Feb-23 02-Feb-23
Paid 24-Feb-23 24-Feb-23
Amount 8.53p 3.00p

Trades for 27-Jan-2023

Time Volume / Share Price
17:02 3,249 @ 257.55p
17:01 3,249 @ 257.50p
16:35 27,769 @ 257.00p
16:35 2,804 @ 257.00p
16:35 203 @ 257.00p

BOWL Key Personnel

CEO Stephen Burns
CFO Laurence Keen

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