LONDON (ShareCast) - (Sharecast News) - Hollywood Bowl said it had made a strong start to the financial year with record revenue in the UK and Canada in December.
In a trading update for the October 1 - January 12 period ahead of its annual general meeting the company said total revenue growth over the period was up 11.3% and in line with expectations.

Total UK revenue was up 8.0% with like-for-like sales up 4.5% over the period. Total Canada revenue on a constant currency basis was up 40.8%, with LFL up 14.2%.

"We remain resilient to inflationary pressures with over 70% of group revenue not subject to cost-of-goods inflation," the company said on Thursday.

"We are well positioned to mitigate the effects from the increases to National Insurance contributions and National Living and Minimum Wages given our strong cost culture and relatively low labour-to-revenue ratio of under 20% in the UK.

"As UK families continue to face cost of living challenges, great value for money will be a true point of differentiation with a family of four being able to enjoy a game of bowling with us for under £26."

Reporting by Frank Prenesti for Sharecast.com

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