Goals warns on profits after ‘challenging’ summer

Five-a-side football pitch operator Goals Soccer Centres has delivered another profit warning on the back of tough trading.

Keith Rogers, chief executive of Goals Soccer Centres
Keith Rogers, chief executive of Goals Soccer Centres

The East Kilbride-based firm, which has 46 centres across the UK and one in Los Angeles, said trading on home turf over the summer holiday period had been “challenging”.

As a result, the Aim-quoted company said it expects to post a pre-tax profit of between £8.2 million and £8.6m for the current financial year – well below its previous forecast.

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In September, Goals reported a 1 per cent fall in UK sales and said like-for-like takings over the summer holidays had dropped by 10 per cent.

At the time, the firm predicted a pre-tax profit of between £9.3m and £9.8m for the full year, below City analysts’ forecasts.

Goals, led by chief executive Keith Rogers, said it has made progress since September, delivering week-on-week sales improvements, but “the speed of this recovery has not been at the level anticipated”.

It added: “In view of this, the board now anticipates that profit before tax for the current financial year will be in the range of £8.2m to £8.6m, predicated on the absence of adverse weather conditions.”