Loungers (LGRS)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 100

279.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 286.00
  • 52 Week Low: 182.50
  • Currency: UK Pounds
  • Shares Issued: 103.83m
  • Volume: 8,818
  • Market Cap: £289.68m
  • RiskGrade: 184

Loungers 'significantly' outperforms market in H1

By Iain Gilbert

Date: Friday 14 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Bar and restaurant operator Loungers said on Friday that it had continued to "significantly outperform the market" in the 24 weeks ended 2 October, with "industry-leading" like-for-like sales growth seen throughout the half.
Loungers said it delivered like-for-like sales growth of 17.0% when compared to the same period in 2019 as the comparator, despite trading within the "well-documented challenging macroeconomic backdrop".

The AIM-listed group highlighted that its balance sheet remained "strong", with non-property net debt at 2 October of £9.5m, down from £11.9m a year earlier.

Loungers also noted that since the start of the financial year, it had opened 11 new sites, made up of eight Lounges and three Cosy Clubs, taking its portfolio to 206 sites. It expects to open a further 19 sites in the current financial year.

Chief executive Nick Collins said: "Loungers continues to thrive and I am delighted with our consistent out-performance of the market, thanks to the fantastic efforts of our teams and the hospitality they provide.

"We are operating in a particularly inflationary environment and we are working hard to mitigate inbound cost pressures and to maintain the value for money principles that are so important to our customers. We continue to focus on getting the right balance and take confidence from the positioning of both Lounge and Cosy Club and their market-leading track records."

As of 0820 BST, Loungers shares were up 0.98% at 206.0p.





Reporting by Iain Gilbert at Sharecast.com

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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 286.00
52 Week Low 182.50
Volume 8,818
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
09:00 1,200 @ 270.00p
09:00 1,200 @ 270.00p
08:21 1,708 @ 276.00p
08:21 460 @ 276.00p
08:17 456 @ 278.00p

Loungers Key Personnel

CEO Nick Collins
CFO Stephen Marshall

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