Ten Entertainment hurt by heatwave

Ten Entertainment hurt by heatwave

Based on these half-year numbers from Ten Entertainment (TEG), good weather discourages people from going bowling. Between January and April, like-for-like sales rose 7.7 per cent, but once unusually warm weather arrived in May this figure soon shifted to a 9.7 per cent decline. By July, post period-end, comparable sales had fallen by nearly a fifth. With sales recovering in August, chief executive Alan Hand called the weather-induced volatility "a blip and nothing more", adding that cost efficiencies – such as fewer staff – had helped offset some of the damage. The absence of last April's IPO expenses also allowed for much improved profits.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now