Sunday, January 23, 2022

Tag: financials

Profit margins grow for Hollywood Bowl amid “record” year

Hollywood Bowl financials record year
Hollywood Bowl may have been among the last out of the lockdown starting gates courtesy of government diktat, but it’s certainly caught up with the pack. A year end profit, all centers open and ten more new venues on the way, and things are looking a lot brighter for the bowling operator.

Older patrons impact dip in sales at Wetherspoons

Older patrons impact dip in sales at JD Wetherspoon
Falling sales of bitter and stout contribute to 8.9 percent dip in sales compared to numbers achieved two years ago. Wetherspoons is having to weather the storm.   Leading PubCo JD Wetherspoon has highlighted a two-tier market with younger drinkers driving sales of cocktails, and rum (up 45 percent and 26 per cent respectively) compared with a decrease in sales of...

“Record holiday park demand” drives Inspired Q3 revenue growth

Lorne Weil Inspired financial Q3 revenue growth
Inspired has reported a 29 percent increase year-on-year in third quarter revenue to £57.6m, citing “strong recovery in our Gaming and Leisure segments from prior year levels.”

The cost of Covid: Carlton Bingo reports £12 million revenue decline for 2020/21

Carlton Bingo reports £12 million revenue decline for 2020-21
Inverness-based Carlton Bingo has reported an 85 percent decline in revenue for the year ended 28 March 2021, after Covid restrictions forced estate-wide venue closures.

Ten Entertainment Group “exceeds expectations” for September and October

Ten Entertainment Group financials exceeds expectations
It’s ten out of ten for bowling operator Ten Entertainment which has turned its fortunes around with a remarkable recovery for FY21.

Flutter unphased by punter’s October purple patch

Flutter Entertainment financials
Flutter Entertainment has cut its full year profit guidance after punters enjoyed a winning streak in October, but the future still looks bright for the world’s largest operator.

Brighton Pier Group enters acquisition drive in leisure sector as profits rise

Brighton Pier Group
Brighton Pier Group has this week confirmed it will pursue further acquisitions in the leisure sector, after reporting pre-tax profit of £4.2m for the year ending 27 June.

Rank returns to form with retail growth

Rank retail growth financials
The Rank Group has reported a 69 percent increase in NGR for the first quarter of 2021/22, as retail revenue is bolstered by “an excellent response” from casino and bingo customers.

Hollywood Bowl strikes back with 29 point sales jump

Hollywood Bowl financials
Hollywood Bowl has reported sales between 17 May and 30 September 2021 increased 29 percent on 2019, with full year revenue topping £74m. For a sector so badly hurt by Covid restrictions, the stars are shining brighter for Hollywood Bowl.

Merlin “confident” despite £319m loss for 2020

Merlin Entertainments Thorpe Park
Merlin Entertainments has posted a bullish prediction for the future of its global attractions estate, following the “short-term challenges” of 2020 - which saw revenue decline 64 percent.   Merlin Entertainments has stated it remains “confident” in the future of the business despite recording a 64.2 percent decline in revenue for 2020, with takings dropping from £1.74bn in 2019 to £629m...

“A rotten year” as Rank reports £72m loss, but the group is hopeful of better harvests ahead

Rank Group Mecca Bingo
After its land-based venues spent 60 percent of the last year shuttered, the Rank Group has reported a 72m loss for the 12 months ending 30 June, however the group’s CEO has predicted that “recovery is coming.”

Inspired pleased with UK business performance

Brooks Pierce Inspired Entertainment
Inspired’s president and COO Brooks Pierce said the “staycation phenomenon in the UK” has helped both the company’s holiday park and motorway services business.

Rank Group trading “in line” with expectation

The Rank Group financials
The Rank Group has reported weekly NGR for the period since 17 May reached £8.6m, with all divisions delivering above break-even, including Mecca - which added £2.6m per week.

Bowled over but not out: Prolongued Covid closures fashion £14.5m loss for a still ambitious Hollywood Bowl

Hollywood Bowl Group financials April 2021
Hollywood Bowl has reported a $14.5m pre-tax loss for the six months to April 2021, after closing its 64 venues for 75 percent of the half year period.

Rank Group quarterly revenue drops 72 percent

Rank records worst quarter revenues
Rank recorded one of its worst quarters as land-based operations saw revenues drop 98 percent for the opening three months of the year. And the gaming giant had no doubts how this happened, citing “illogical” goverment responses to Covid. “Clumsily and inadvertently caught up in misdirected measures”, CEO John O’Reilly has moved on from the blame game. Focus is now fixed firmly on May 17.

Ten Entertainment remains confident despite £12.2m loss

Ten Entertainment group financials
Ten Entertainment has confirmed losses for 2020 met January predictions, after sales dropped 59.9 percent to £36.3m during the 12 month period. Whilst that’s one strike for Covid, Ten are confident of knocking the pins down over the coming summer.

Hollywood Bowl in positive mood despite profit down 96 per cent due to lockdown

Hollywood Bowl Group financials
Financial results released by the Hollywood Bowl Group show that the spring-summer lockdown almost entirely destroyed the company’s profit-making capacity: with total earnings down a catastrophic 96 per cent year-on-year for the nine months ending September 30 - to a total of £1.2m.

Buzz Bingo backer buoyant despite pandemic

Buzz Bingo buoyant
The investment trust which owns Buzz Bingo has presented shareholders with interim financials that detail its fund having increased net assets by nearly 10 per cent since the beginning of the pandemic.

Young’s posts £21.8m loss but remains confident about the future

Youngs post loss but remain confident
Pub chain Young’s has endured the toughest period in its 189-year history but according to CEO Patrick Dardis a cautious approach has resulted in some notable positives.

Inspired show fine form with “impressive” Q3 financial results

Inspired Entertainment financials
With revenue for Q320 increasing 125 percent year-on-year, Inspired Entertainment has released a confident appraisal of its current financial position, hailing the “resiliency” of its recurring revenue stream.

Brighton Pier Group owner trashes second lockdown

Luke Johnson Brighton Pier Group
With his business pushed into the red, “cool-hand” Luke Johnson has added his voice to a growing throng of prominent figures openly deriding the government’s heavy-handed approach to coronavirus. It is, he says, “catastrophic”.

Hollywood Bowl predicts profit despite “unprecedented period of disruption”

Hollywood Bowl predicts profit
Hollywood Bowl has reported revenue during the first five months of FY20 up to 30 September, increased 13 percent year-on-year, with like-for-like revenue..

Inspired “well-positioned to recover” from Covid-19

Lorne Weil Inspired Entertainment
Inspired Entertainment has stated it is “well-positioned to recover” from the effects of Coronavirus, with a “strong performance” across re-opened retail machines and a buoyant online market mitigating losses.

Will Hill retail nosedives by over 60 per cent

Will Hill retail financials
They weren’t expecting it to be good and it wasn’t: with the latest financials from national bookkeeping chain William Hill detailing company-wide like-for-like revenues down by nearly a third (31 per cent) throughout the first half of 2020, with takings across its retail division plunging by over 61 per cent.

Profit up at bigger, better Dransfields

Dransfields arms eag 2020
The newly-expanded machine suppler Dransfields enjoyed a healthy gain in profit last year, with director Chris Haley insisting it remains in “a strong position” for the months ahead.

Brighton Pier Group on front foot in face of pandemic, says Ackord

Paradise Island Mini Golf Brighton Pier Group
The chief executive of Brighton Pier Group, Anne Ackord, has said that her company is well placed to get through the “unpredictable” months ahead.   The Brighton Pier Group has said that it is confident in being “well-positioned” to pull through the Coronavirus crisis, on the back of its most recent half-year results which saw it post healthy gains in both...

Inspired report revenue rise in Q4

Inspired Q4 financials
The new owner of the country’s premier gaming machines operation rode high in the last three months of 2019, on the back of solid revenues from what it claims is an “accelerated” UK pub market.

Hollywood Bowl’s investment programme pays off

Hollywood Bowl investment
After a year of developing its “customer led strategy” and committing significant investment to expansions and re-brands, Hollywood Bowl has been rewarded..

Paradise found: Brighton Pier Group buoyant off back of strong Paradise Island performance

Brighton Pier Group Financials
FY18-19 numbers for the Brighton Pier Group have seen the company plot a steady course to diversified growth, fresh off last year’s acquisition of..

Rank begins to turn the ship around under O’Reilly’s command

Mecca signage Rank Group
Following the implementation of a transformation programme last December, Mecca and Grosvenor operator Rank has began to see the results of CEO..