Published On: Wed, Sep 13th, 2017

Goals Soccer Centres warns of slower sales amid impact of consumer spending squeeze

The company is making a big investment in pitches, floodlights and clubhouses, but centres not yet upgraded are underperforming. 

It operates 48 sites, with two in California, and has teamed up with Manchester City’s owner to drive expansion in North America. 

Half-year pre-tax profit fell by 25.7 per cent to £2.6 million on 2.2 per cent higher sales of £17.4 million. 

Like-for-like sales were up 1.6 per cent compared with a 2 per cent decline last time. 

Mark Jones, chief executive of Goals, said: “Our initiatives to improve performance have returned like-for-like sales to positive territory with growth of 2.5 per cent in H1.”

He added: “We have begun our journey in turning round the business and there remains considerable opportunity to deliver continued improved performance and returns from the business.”

Back in July the company revealed it had entered into partnership with Manchester City owner City Football Group to roll out the Goals brand in North America.

Shares fell 9½p to 94½p.

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