This morning, Hollywood Bowl published interim results showing EBITDA (adj., pre IFRS16) increased 8.9% to £42.2m, 58% of our FY26E estimate and implying a margin of 29.8%. Headline LFL figures were disclosed in the April trading update: Group LFLs were +2.3%, with the UK +2.6% and Canada +0.5% (at constant currency). The improvement in profitability is despite 18.5% growth in centre staff costs and 12.2% increase in admin expenses, demonstrating the resilience of the model. The interim dividend ....
