The corporate behind Tenpin Bowling has stated gross sales have surged towards pre-pandemic ranges because it claims bowling stays an “reasonably priced deal with” for folks all through the cost-of-living disaster.
Ten Leisure, which owns 48 bowling and household leisure centres throughout the UK, stated it made £63 million within the first half of the yr, a rise of 46% from the identical interval 2019.
Gross sales had been pushed up with the common spend of holiday makers growing by 7.4% as bowlers splashed out extra money on meals, drink and different video games whereas on the alleys.
Footfall additionally grew by greater than a 3rd regardless of the new summer time usually driving folks away from indoor actions, the corporate stated.
The group, which employs round 1,500 workers, posted £18.3 million in pre-tax income after swinging to a loss in 2021 when it was pressured to close its centres throughout Covid lockdowns.
It stated it has turn into extra worthwhile regardless of vital inflation pushing up its working prices, together with wages going up by 9% since 2019.
The leisure agency additionally acknowledged the influence that rising dwelling prices may have on shoppers who're more and more seeing their wages squeezed towards larger costs.
Ten Entrainment stated the “worth” of its venues has allowed the agency to “buck the development” of many different hospitality and leisure corporations which have seen gross sales fall since 2019.
The enterprise due to this fact has caught to its full-year revenue outlook and stated it expects modest gross sales progress in 2023.
Graham Blackwell, chief government of Ten Leisure, stated: “Our gross sales progress is, and stays, very sturdy towards 2019 and we've consolidated and constructed upon the positive factors we made final yr.
“We now have web money and have resumed our dividend funds whereas sustaining our concentrate on investing within the buyer expertise to proceed our progress.
“We've got bucked the development of many different companies in hospitality and leisure and our price for cash buyer proposition is effectively positioned to proceed to ship sturdy returns for our shareholders.”
Shares in Ten Leisure had been up by greater than 5% on Wednesday morning.