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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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