The market’s initial response to Hollywood Bowl’s (BOWL) FY25 results was positive, though the shares tailed off to finish flat. We believe investors were initially reassured by the resilience of the model, despite adverse weather and a more challenging consumer backdrop. Operational improvements at the site level are improving average spend per game in both the UK and Canada, which should underpin future LFL growth. Canada remains an exciting opportunity in what is a highly fragmented market. T ....
