The Hollywood Bowl Group has reported a 3.5% increase in like-for-like sales in the year to 30 September.
Total revenue grew 8.8% to £114m with adjusted EBITDA up 13.7% to £33.4m.
The group said the continued rollout of its Hollywood Diner format had driven dwelltime. The new menu is now in 30 centres and will be rolled out to the rest of the estate over the coming year. The group said that this and the introduction of a dynamic pricing model in July had contributed to spend per game growing from £8.63 to £8.70 during the year.
Chief executive Stephen Burns said: “I am delighted to report a strong operational and financial performance for our first full year since IPO. Our rebrands and refurbishments have delivered significant returns and new centres opened in the year have performed ahead of expectations. The investments we have made in improving our brand and customer offer have been well received by customers, resulting in more visits and increased spend per game across our portfolio. We will continue to trial and implement more new initiatives in order to ensure the best possible leisure experience for our customers.
“Looking forward, our strong balance sheet and cash generative business model allows us to capitalise on our healthy pipeline of new sites and we remain committed to growing our high quality portfolio through selective new openings and acquisitions.
“We expect to continue this positive momentum as we intensively manage the portfolio for growth and deliver a high-quality customer experience, which continues to be great value for money. This underpins the confidence in our ability to unlock value for shareholders, with a special dividend announced today of 3.33p, and the continuation of our progressive dividend policy going forward. Along with our end of year ordinary dividend of 3.95p we will have returned a total of £13.6m to shareholders for the year.”