Shares in Ardent Leisure have slumped by more than 10 per cent after the theme park and family entertainment company posted a mixed bag of quarterly results.
The company, which manages Dreamworld, AMF and Kingpin Bowling and Goodlife gyms in Australia and a booming entertainment business in the US, closed 39 cents, or 13.6 per cent, down to $2.48.
At its annual general meeting on Thursday, Ardent was quick to spruik its US Main Event Entertainment business, which operates 20 stores across nine states, with seven more set to open.
It posted a 30.8 per cent rise in revenue to $US37.42 million ($A52.35 million).
Locally, its bowling and theme park divisions were positive, but negative growth from its Goodlife gyms and marinas overshadowed those gains.
Goodlife's earnings fell from $8.81 million in the corresponding quarter to $6.45 million.
D'Albora Marinas had its total revenue fall to $4.84 million from $5.13 million last year.
Ardent chief executive Deborah Thomas was upbeat despite the mixed results.
"We are really happy with the way all the divisions have performed, the CEOs have all been concentrating driving the top line and the initiatives to do that," she told AAP at the company's annual general meeting on Thursday.
The company is expecting strong sales in the lead up to Christmas and school holidays for its Queensland theme parks and national entertainment centres.
Ardent recently opened its first redeveloped Kingpin centre in Darwin in August, which mirrors its successful US centres.
The company plans to refurbish a number of AMF Bowling and Kingpin Bowling centres in Australia, and it's something Ms Thomas expects will keep shareholders happy in the long run.
First quarter revenue for the Australian bowling division was up 9.1 per cent to $35.93 million.
Overall, the group's revenue was up 19.3 per cent to $165.96 million.
