Improvement in trade
Goals nets rise in second half sales
It has also announced that former CEO Keith Rogers (pictured) has stepped down from the board.
East Kilbride based Goals has 47 sites, including one in California, and in a trading update for the year it said sales for the year increased by 1.3% to £33.4m (2015: £33.0m), with like-for-like sales growing by 0.6% (H1 2016: -1.9%), broadly in-line with market expectations.
It said the performance “further demonstrates the significant improvement which has taken place within the business during the second half of the year.”
Additionally, football volume stabilised and ended the year positively, recording a year-on-year increase of approximately 1%, which was aided by a strong second half performance of +3.1%.
In a statement, the company said: “With our robust trading driven by the implementation of our strategic plan, a strong balance sheet and solid growth prospects, we look forward to delivering continued progress in 2017, as we move our focus to upgrading our UK clubhouses to the new Clubhouse 2020 format and the opening of our second centre in the US in February 2017.
“We look forward to the future with growing confidence.”
Mr Rogers, an executive director, has stepped down from the board. Mark Jones, chief executive, said: “On behalf of the Company I would like to acknowledge and express our sincere gratitude to Keith for his invaluable and constructive contribution to the Board over the years and we wish him well in the future”.
Nick Basing, chairman, said: “I am positive that we have turned the corner with this result. The new refocused strategy under strong new executive leadership is working and I hope momentum will build further in 2017.”