Company
Loungers PLC
LON:LGRS
Loungers PLC is an operator of café/bar/restaurants across England and Wales under two distinct but complementary brands, Lounge and Cosy Club. It is the only growing all-day operator of scale in the UK, with a strong reputation for value-for-money and sites that offer something for everyone regardless of age, demographic or gender. The company operates successfully in a diverse range of different sites and locations across England and Wales.
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FTSE 100 Live: Blue chips dip, chancellor declares £7bn National Wealth Fund
FTSE 100 finishes 54 points lower at just below 8,140
Following the Wagamama takeover, is Loungers the next undersold proposition?
Hybrid hospo chain appears cheap compared to its contemporaries
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FTSE 100 Live: Stocks slip again after US consumer confidence falls
Blue chips have fallen back once again after a fall in US consumer confidence
Could Tortilla or Loungers be the next hospitality takeover target?
Fulham Shore, which also owns the Real Greek, was bought by Toridoll in June for £93mln.
Loungers ‘undervalued’ ahead of interim results says broker
A robust period of sales underpins the Cosy Club and Lounges owner’s strong investment potential.
Loungers new restaurant chain can be EV adoption winner, says broker
Shore Capital also believes that electric vehicles tend to be driven by 'more affluent customers'
Loungers announces roadside café launch
Sites will predominantly be located on A roads, such as the A38 and A303 for the first three locations
Loungers says it is 'significantly' outperforming market with sales 17% ahead of pre-pandemic levels
"The continued strength of performance against a well-documented challenging macroeconomic backdrop is a testament to the relevance and resilience of our brands"
Soaring energy bills 'difference between profit and loss' for hospitality sector, says Loungers boss
A low-margin industry will have to reckon with up to fivefold increase in energy bills, among other macro pressures
Loungers reports strong recovery since Christmas
Debt reduction was also significantly ahead of expectations
Loungers sees acceleration in sales growth
It's a tough time to be operating a chain of bars and cafes but Loungers is pressing ahead with its expansion programme
Loungers reports 'significant pent-up demand' following reopening
The bar and restaurant operator reported that like-for-like sales at its sites were up by just over 25% between May 17 and June 13 compared to a comparable period in 2019
Loungers to open four new sites next month as it resumes expansion plans
The café and restaurant operator will also start a phased reopening when some COVID-19 restrictions are lifted on 12 April
Loungers sits up despite profits plunge
The group said its balance sheet provides strength to withstand further lockdowns and “to ensure the group is well positioned to resume its roll-out strategy and benefit from an increasingly tenant friendly property market”
New lockdown to create market share opportunity for well-capitalised companies, says broker
The broker expects up to a 30% reduction in supply across the hospitality sector from the impact of COVID-19
Loungers to open another three sites in second half as sales climb by 25% post-lockdown
In a trading update for the 13 weeks to October 4, 2020, the firm said like-for-like sales climbed by 25%
Loungers helped by Eat Out to Help Out with summer sales jumping by a third
The firm opened two new sites since April and “cautiously” plans for another four by the end of the current financial year
Loungers surges amid strong trading following reopening
The bar operator said it is confident it will "emerge strongly" from the pandemic period
Loungers accelerates reopening programme following positive response
The bar group now expects to have its entire estate of 165 sites open again by August 5
Loungers raises £8.3mln in premium placing to defend against pandemic disruption
The bars group said the funding and its existing finances was enough to maintain the business for around 46 weeks of closure
Loungers not looking to rest as it envisions three-fold expansion
The company, said it outperformed the sector thanks to its “unique” trading model which combines elements of coffee shop, pub and restaurant
Loungers to keep stretching across England and Wales on Wednesday
Also on Wednesday's agenda are services PMI figures and a possible FTSE reshuffle in the air
Loungers growing at more than leisurely pace as roll-out continues
The company said in a trading update it is on track to open 25 new sites in the current financial year
Loungers earnings jump in first annual results since IPO
"Our new financial year has started well and our roll-out strategy for both brands is on schedule,” said chief executive Nick Collins.
FTSE 100 closes higher as pound drops on Hard Brexit fear after parliamentary suspension
The Queen has agreed to Prime Minister Boris Johnson's call to prorogue the UK parliament
Loungers hopes for smooth ride on Wednesday as it reports maiden finals
The middle of the shortened week will also bring updates from mid-cap firms Diploma and WH Smith
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Lloyds, RBS, Barclays and other banks brace for bigger PPI bill as claims deadline looms
The week ahead includes results from Hays, Bunzl, Gym Group, Loungers, Amigo, Hunting and Diploma
Loungers sitting pretty after strong trading update
For the year ending 21 April 2019, the cafe and bar chain recorded revenues of £153mln, up 26.4% on the prior year, while like-for-like sales had risen 6.9%
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FTSE 100 closes higher led by defensive stocks
Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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Aviva and CMC Markets in spotlight for busy Thursday
Investors look forward to a strategy update from Aviva's new boss, meanwhile, they are braced for CMC Markets results after the recent profit warning.
Buy Loungers for 'sector-leading growth and returns', says Peel Hunt
“Loungers’ success is built on its ability to trade well throughout the day, week and year, with a broad product range and customer base,” the Peel Hunt analysts said
Loungers could triple in size, says Liberum as it initiates at ‘buy’
The City broker's analysts said the firm’s low capital and operating expenditure would drive “high returns and fast paybacks” for investors