Loungers (LGRS)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 100

279.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 286.00p
  • 52 Week Low: 182.50p
  • Currency: UK Pounds
  • Shares Issued: 103.83m
  • Volume: 8,860
  • Market Cap: £289.68m
  • RiskGrade: 184

Loungers interim revenues grow on strong sales

By Iain Gilbert

Date: Wednesday 01 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Bar and restaurant operator Loungers said on Wednesday that revenues had grown 91.4% to £102.4m in the 24 weeks ended 3 October.
Loungers said during the half it saw like-for-like sales grow 26.6% compared to 2019's pre-Covid levels and adjusted underlying of £27.1m, up 105.1% year-on-year, driven by strong sales and margin improvements.

The AIM-listed group also posted a pre-tax profit of £12.8m and earnings per share of 10.4p.

Since the end of the period, Loungers stated it had witnessed like-for-like sales growth of 23.4% for the 28 weeks ended 28 November and said it was "optimistic" about the Christmas period and beyond.

However, the company also said it was "mindful" of the omicron variant and that recruitment and retention within the sector "remains tough".

Chief executive Nick Collins said: "Our value for money, all-day offer appeals to a very broad demographic, and this underpins our market-leading performance in towns and suburbs across England and Wales.

"As we move into the Christmas trading period any potential impact of Omicron remains to be seen, but as we look ahead to 2022, I am very optimistic with regards to our prospects and the continuing roll-out of both Lounge and Cosy Club."

As of 0930 GMT, Loungers shares were up 4.07% at 281.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Loungers Market Data

Currency UK Pounds
Share Price 279.00p
Change Today -1.00p
% Change -0.36 %
52 Week High 286.00p
52 Week Low 182.50p
Volume 8,860
Shares Issued 103.83m
Market Cap £289.68m
RiskGrade 184

Loungers Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.65% below the market average77.65% below the market average77.65% below the market average77.65% below the market average77.65% below the market average
76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average
Price Trend
85.92% above the market average85.92% above the market average85.92% above the market average85.92% above the market average85.92% above the market average
92.73% above the sector average92.73% above the sector average92.73% above the sector average92.73% above the sector average92.73% above the sector average
Income Not Available
Growth
11.61% above the market average11.61% above the market average11.61% above the market average11.61% above the market average11.61% above the market average
49.02% below the sector average49.02% below the sector average49.02% below the sector average49.02% below the sector average49.02% below the sector average

Loungers Dividends

No dividends found

Trades for 23-Jul-2024

Time Volume / Share Price
09:59 42 @ 276.00p
09:00 1,200 @ 270.00p
09:00 1,200 @ 270.00p
08:21 1,708 @ 276.00p
08:21 460 @ 276.00p

Loungers Key Personnel

CEO Nick Collins
CFO Stephen Marshall

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