(Alliance News) -Â Hollywood Bowl Group PLC on Tuesday said it has traded well recently, but is now preparing for a potential temporary closure due to Covid-19.
For the five months to February 29, the ten-pin bowling operator said like-for-like sales were up 9.0% and revenue rose 13%.
However, the firm said: "At this time, the group's centres continue to operate, however, with trading in recent days affected by Covid-19 and reflecting the rapidly changing circumstances and guidance, the business is preparing for potential temporary closure."
Measures have been put in place, such as cost-cutting, to mitigate the impact.
While the full implications of Covid-19 on its financial performance for the year ended September 30 are "difficult to determine" currently, the board said it remains "confident" in the group's long-term prospects.
Shares in Hollywood Bowl closed down 36% at 78.51 pence in London on Tuesday.
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Hollywood Bwl (BOWL)