Tenpin bowling centre operator Ten Entertainment Group saw a 56.9 per cent fall in sales last year to £36.3 million as it was hit by the coronavirus crisis.
21 January 2021 | 10:01am
StockMarketWire.com - Ten Entertainment Group has reported a 56.9% fall in total sales for 2020, as most of its centres were closed for half of the year as a result of the pandemic and renewed lockdowns.
According to the group s full year results statement to 27 December 2020, pre-covid trading was strong, delivering +12.7% total sales growth and +9.6% like-for-like sales growth in the first 11 weeks of the year before the Lockdown, continuing the business s strong momentum of 8 consecutive years of like-for-like growth.
February was particularly strong as well executed half-term plans delivered like-for-like sales growth of +16.7%, the company said.
Reopening in mid-August was encouraging, the statement showed, with August and September delivering 77% of last year s sales despite operating at only 50% capacity.