Loungers (LGRS)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 100

284.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 286.00
  • 52 Week Low: 182.50
  • Currency: UK Pounds
  • Shares Issued: 103.83m
  • Volume: 68,238
  • Market Cap: 294.87m
  • RiskGrade: 184

Loungers H1 profits slip despite 'sustained market out-performance'

By Iain Gilbert

Date: Wednesday 30 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Bar and restaurant operator Loungers said on Wednesday that it had delivered a "sustained market out-performance" in the six months ended 2 October despite seeing interim profits decline throughout the period.
Loungers said revenues had risen from 102.36m in the first half of 2021 to 122.32m a year later, reflecting the addition of 50 new sites. However, adjusted underlying earnings slipped from 27.08m to 19.3m as adjusted EBITDA margins contracted from 26.5% to 15.8%.

Operating profits fell almost 10.0m to 6.05m and pre-tax profits tumbled from 12.8m to 2.83m during the half. Diluted earnings per share also crashed from 10.4p each to 2.3p.

Loungers highlighted that "positive momentum" had continued over the first eight weeks of the new quarter, with the business "consistently out-performing the sector" and achieving "strong like-for-like sales growth", with three-year like-for-like sales across the 32 weeks to 27 November up 17.4%

"Whilst there is no sign of the cost of living pressures abating, we remain optimistic looking ahead to trading over the Christmas period," noted Loungers. "With 15 sites having opened year-to-date we remain on track to open a total of 30 new sites during the course of the financial year ending 16 April 2023, including our first Brightside site."

As of 0850 GMT, Loungers shares were flat on 192.0p.





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 284.00p
Change Today 2.00p
% Change 0.71 %
52 Week High 286.00
52 Week Low 182.50
Volume 68,238
Shares Issued 103.83m
Market Cap 294.87m
RiskGrade 184

Loungers Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.95% below the market average77.95% below the market average77.95% below the market average77.95% below the market average77.95% 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
87.24% above the market average87.24% above the market average87.24% above the market average87.24% above the market average87.24% above the market average
96.36% above the sector average96.36% above the sector average96.36% above the sector average96.36% above the sector average96.36% above the sector average
Income Not Available
Growth
10.63% above the market average10.63% above the market average10.63% above the market average10.63% above the market average10.63% 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 12-Jul-2024

Time Volume / Share Price
16:39 744 @ 283.00p
16:39 744 @ 283.00p
16:36 744 @ 284.00p
16:35 3,000 @ 284.00p
16:35 3,000 @ 284.00p

Loungers Key Personnel

CEO Nick Collins
CFO Stephen Marshall

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