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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.

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