Loungers (LGRS)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 100

 283.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 284.00
  • 52 Week Low: 182.50
  • Currency: UK Pounds
  • Shares Issued: 103.83m
  • Volume: 16,229
  • Market Cap: £293.83m
  • RiskGrade: 184

Loungers FY24 underlying earnings seen ahead of market expectations

By Iain Gilbert

Date: Friday 26 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Bar and restaurant operator Loungers said on Friday that it had seen continued strong like-for-like sales growth in the 53 weeks ended 21 April and now expects full-year underlying earnings to come in ahead of expectations.
Loungers said it had delivered "record total revenue" of £353.5m, up 24.7% on the previous year, reflecting both continuing strong like-for-like sales growth of 7.5% and the "ongoing success" of its new site opening programme.

The AIM-listed group stated the strength of its sales performance had been accompanied by "disciplined management of costs" and a "continued easing of inflationary cost pressures" and, as a result, expects underlying earnings for FY24 to be ahead of market expectations.

Loungers added that its balance sheet "remains strong", with non-property net debt of £9.7m, up from £6.1m a year earlier as a result of the further acceleration of the firm's site roll-out programme during the year, opening a record 36 new sites in FY24.

Chief executive Nick Collins said: "I am delighted with our performance over the year.

"As we start the new financial year we are looking ahead with optimism. Our experience suggests that the UK economy is holding up well and we are well positioned to deliver continued growth."

As of 0935 BST, Loungers shares were up 1.52% at 234.50p.













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 283.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 284.00
52 Week Low 182.50
Volume 16,229
Shares Issued 103.83m
Market Cap £293.83m
RiskGrade 184

Loungers Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.11% below the market average22.11% below the market average22.11% below the market average22.11% below the market average22.11% below the market average
3.85% below the sector average3.85% below the sector average3.85% below the sector average3.85% below the sector average3.85% below the sector average
Price Trend
90.01% above the market average90.01% above the market average90.01% above the market average90.01% above the market average90.01% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
75% below the market average75% below the market average75% below the market average75% below the market average75% below the market average
92.45% below the sector average92.45% below the sector average92.45% below the sector average92.45% below the sector average92.45% below the sector average

Loungers Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
16:21 205 @ 281.20p
15:54 3,552 @ 281.40p
15:49 35 @ 282.00p
15:11 500 @ 280.00p
15:03 2,655 @ 280.00p

Loungers Key Personnel

CEO Nick Collins
CFO Stephen Marshall

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