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Hollywood Bowl forecasts earnings in-line with expectations

By BFN News | 09:45 AM | Wednesday 10 October, 2018


Ten-pin bowling operator Hollywood Bowl said Wednesday it expected earnings for the full-year would be in line with market expectations. For the full-year to 30 September, the company expected to report total revenue growth of 5.8% and like-for-like revenue growth of 1.8%. while profit before tax was expected to grow 10%, in line with market expectations. The company said was considering returning additional capital to shareholders and would provide a further update at the release of the group's full-year 2018 results due 10 Dec. 'We are very pleased with our full year performance. We have delivered good results in line with expectations, through the effective execution of our customer led strategy which is underpinned by our capital expenditure programme, said Stephen Burns, Chief Executive Officer of Hollywood Bowl Group. 'Our centre teams have worked very hard to ensure our customers continued to enjoy fun-filled, great value for money leisure experiences, whilst carefully managing costs and improving our margins.' At 9:45am: (LON:BOWL) Hollywood Bowl Group Plc share price was +8.5p at 209.5p Story provided by StockMarketWire.com

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