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Ten Entertainment Sees Rise in 2022 Sales, Profit at Higher End of Views
Entertainment

Ten Entertainment Sees Rise in 2022 Sales, Profit at Higher End of Views

By Joe Hoppe Ten Entertainment Group PLC said Wednesday that it expects to report strong 2022 sales growth compared with both the prior year and prepandemic levels, and profit at the upper end of market views. The U.K. operator of family-entertainment centers said total sales growth for the year ended Jan. 1 rose 88% compared with 2021, and 51% compared with 2019, the nearest prepandemic figure. Last year, it reported total sales of 67.5 million pounds ($82 million). On a like-for-like basis, sales grew 5.5% on the prior year and 40% compared with prepandemic levels. The company expects profit to be at the upper end of market expectations, but didn't provide a figure. Last year, it swung to a profit of GBP4.4 million pounds from a pretax loss of GBP21.7 millio...