9th Jul 2015 07:11
LONDON (Alliance News) - Goals Soccer Centres PLC on Thursday said its revenue in the first half was flat after poor weather conditions in the first quarter hit its like-for-like sales and it was unable to make up the shortfall in the second quarter.
The company, which operates five-a-side football centres in the UK and the US, said group sales for the half were GBP17.1 million, flat year-on-year, as its like-for-like sales in the UK dropped by 2% due to the bad weather conditions in the first half. Though trading improved in the second quarter, it was not sufficient to offset the impact of the first quarter.
The US arm of the company, which currently comprises one centre in Los Angeles, has performed well, with like-for-like sales rising by 20% in the half. It is also developing its US pipeline, with construction on one new site set to start in the second half.
"Our UK performance, against some tough comparatives, has been slightly below our expectations. However, we are very encouraged by the ongoing strength in US trading which supports our development programme in the Los Angeles area," said Managing Director Keith Rogers.
Goals Soccer Centres shares were down 6.5% to 202.00 pence in early trade, one of the worst performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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