Goals Soccer Centres (AIM:GOAL) – trading update somewhat mixed
The operator of “next generation outdoor 5-a-side soccer centres” with 46 centres in the UK and one in Los Angeles, USA, issued a somewhat mixed trading update for the six months ending 30 June 2015. The recovery is prolonged!
Group sales for the period were perfectly in-line with last year at £17.1m (2014: £17.1m) – amazing how they managed to achieve that! Group like-for-like sales down by 1% with the UK like-for-like down 2% as a result of adverse weather conditions in the first quarter as compared to last year and some softness in the casual market – we are unclear what is referred to as the ‘casual market’. Trading strengthened during Q2, although not sufficiently to fully recover the Q1 shortfall. The US business saw like-for-like sales increase by 20% as the centre’s popularity increases, reinforcing the Group’s…