LONDON (Reuters) - The boss of Merlin Entertainments (MERL.L) said the disappointing performance of its Legoland division over the summer was “a blip”.
Shares in Merlin fell as much as 8.4 percent on Tuesday after the group said Legoland’s like-for-like sales had fallen short of expectations over the 40 weeks to Oct. 6, declining 0.3 percent against hopes for a positive performance.
“My view is it’s just a blip,” Chief Executive Nick Varney told Reuters, forecasting a much improved performance in its 2018-19 financial year.
“Anybody writing off Legoland and reacting on the share price - I will happily sit down with them in the hat eating saloon at the end of the year.”
Reporting by James Davey; editing by Sarah Young