|


|
Mon 10th Feb 2025 - Flight Club operator reports record-breaking fourth-quarter results and unveils 2025 global expansion plans |
|
Flight Club operator reports record-breaking fourth-quarter results and unveils 2025 global expansion plans: Red Engine, the Flight Club and Electric Shuffle operator, has reported fourth-quarter sales totalling £25.3m, a 24% increase compared with the same period in 2023, and said it plans eight openings this year. The company said its fourth-quarter like-for-like sales, excluding 2024 venue openings, grew 3%, while combined with its franchise partners reached £38.4m, up 23% year-on-year, with like-for-like sales increasing 4%. The business said: “The fourth quarter was a quarter of record-breaking moments for Red Engine, with every company-owned venue achieving its best-ever weekly sales performance. Electric Shuffle New York, which opened in July, generated more than £320,000 in sales in a single week. Flight Club Glasgow and Flight Club Edinburgh (venues opened in the fourth quarter of 2023) saw year-on-year sales growth of 39% and 42% respectively. Even Flight Club Shoreditch, the group's longest-running site, surpassed its previous weekly sales record.” In 2024, Red Engine opened four new sites: Flight Club Liverpool and Oxford, and Electric Shuffle Manchester and New York. The company’s Australian Flight Club franchise partner opened two more venues, one in Sydney and one in Melbourne. These 2024 openings took the total global Flight Club and Electric Shuffle estate to 31 venues (24 Flight Club and seven Electric Shuffle). The company said it is targeting a portfolio of 39 venues by the end of 2025 – six new Flight Club locations and two new Electric Shuffle venues. The business said its franchise partners will continue to drive international growth for Flight Club, with further venues planned in the United States, Australia, and Ireland – a new market for the brand. Just four weeks into the year, Red Engine's franchise partners have already opened Flight Club venues in Dublin, Washington DC and St Louis. Flight Club Philadelphia and a second Sydney venue are slated to open later in the year. Red Engine will open Electric Shuffle King’s Cross in London, Electric Shuffle Chicago and Flight Club Newcastle. The 2025 opening in Chicago will mark the fourth city globally where both the Flight Club and Electric Shuffle brands have a presence. The King’s Cross opening will be Red Engine's seventh in London (three Electric Shuffle venues and four Flight Club). Ross Shepley-Smith, chief financial officer at Red Engine, said: "We are thrilled to report such strong fourth-quarter results, especially as we enter this milestone year celebrating a decade of social darts. This past year has presented significant challenges for the hospitality sector, making these results all the more rewarding and underlining the strength and resilience of our brands.”
|
|
|
|
|
|
|