Ten Entertainment group has reported sales growth today as the bowling alley chain outlined plans to open up to four new sites a year.
The group posted total sales growth of 7.5 per cent in its full-year trading update, with like-for-like sales growth of 2.7 per cent.
The four new centres which were opened in 2018 boosted sales by 4.8 per cent, the company – which operates 43 Tenpin bowling sites across the country – said as it indicated it plans to expand by two to four sites a year.
Chairman Nick Basing said: “I am very pleased with this performance, the 7th consecutive year of like-for-like sales growth, despite the headwinds of the extreme summer conditions.
“It demonstrates that the fast-growing and substantial ‘experiential’ segment of leisure in which we operate, with a largely invested, well proven, and technology enabled proposition for families and millennials, provides us with confidence during the current economic and politically uncertain times.
“We continue to find opportunities to expand our footprint and successfully apply our business model when making acquisitions. We look forward to a strong year of growth ahead.”
“I’m pleased to have joined a business that delivered good sales growth in the last financial year,” chief executive Duncan Garrood said.
“I have been very impressed by the quality of the people throughout the business, their focus on high standards of customer service and their commercial acumen.
“I am excited for the year ahead and look forward to driving a number of key strategies such as our focus on digital, innovation and an enhanced customer experience.”