Technioners and pent-up demand after the lockdown have helped Hollywood Bowl regain sales past pre-Covid levels.
The UK’s largest tenpin bowling operator was allowed to begin reopening sites from the latest lockdown in May, and social distancing rules were eased in July, following ‘Independence Day’.
The firm, which has 61 bowling sites and three ‘Putstar’ mini golf venues, said comparable sales between May 17 and September 30 were up 29% compared to the same period in 2019.
This helped boost full-year revenue to £74.6 million as of September. Analysts were expecting around £54 million.
Hollywood Bowl Group chief executive Stephen Burns told the Evening Standard: “There were too many people around [amid travel restrictions]. Some were paying off debt during the lockdown, and spending their summer vacation budget in the UK.
The company said it is on track to meet its target of 14-18 new centers by 2024.
It expects full-year implied profit margins to be in line with the past 12 months, and for them to return to pre-pandemic levels going forward.