Loungers FY24 underlying earnings seen ahead of market expectations
26th Apr 2024 09:38
(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.
Read moreLoungers steams ahead with 'rapid site rollout'
18th Apr 2024 10:28
(Sharecast News) - Cafe-bar and restaurant chain operator Loungers has continued its "rapid site rollout", with an opening every 10 days so far this year.
Read moreLoungers makes two senior management appointments
9th Apr 2024 12:14
(Sharecast News) - Hospitality operator Loungers announced two senior management appointments on Tuesday to facilitate its continued growth.
Read moreLoungers opens 250th site in Rochdale
29th Jan 2024 14:09
(Sharecast News) - Hospitality operator Loungers announced the opening of its 250th site on Monday, with the Pionero Lounge in Rochdale being described as a milestone as it continued its expansion across the UK.
Read moreLoungers optimistic after strong first-half growth
28th Nov 2023 09:06
(Sharecast News) - Hospitality operator Loungers reported revenue growth of 22.3% in the 24 weeks ended 1 October on Tuesday, to £149.62m.
Read moreLoungers on track with roll-out plan
13th Nov 2023 10:37
(Sharecast News) - Café, bar and restaurant operator Loungers said on Monday that its accelerated site roll-out plan remains firmly on track, with four further sites opened since 13 September.
Read moreBroker tips: Loungers, Hays
13th Oct 2023 13:43
(Sharecast News) - Liberum has kept a 'buy' recommendation on Hays despite the recruitment firm failing to meeting expectations with its first-quarter results, but has trimmed its target price slightly from 125p to 120p.
Read moreShore Capital sees significant upside at hospitality group Loungers
13th Oct 2023 09:25
(Sharecast News) - Shore Capital has reiterated its 'buy' stance on Loungers, highlighting that the stock has not budged since its 2019 IPO despite the hospitality company having made "material progress".
Read moreLoungers flags robust first-half growth in update
13th Oct 2023 09:11
(Sharecast News) - Hospitality operator Loungers announced a promising trading update for the 24 weeks ended 1 October on Friday, highlighting robust year-on-year like-for-like sales growth of 7.7%.
Read moreLoungers appoints hospitality veteran to head Cosy Club brand
18th Aug 2023 09:12
(Sharecast News) - Cafe, bar and restaurant operator Loungers announced the appointment of Lucy Knowles as the new managing director of its Cosy Club brand on Friday.
Read moreDirector dealings: Ironveld director linked to purchase, Loungers chair covers tax bill
13th Jul 2023 10:08
(Sharecast News) - Ironveld was on the list of director buys on Thursday, after it disclosed a purchase linked to a non-executive director.
Read moreLoungers reports record full-year revenue
12th Jul 2023 08:45
(Sharecast News) - Bar and restaurant operator Loungers reported record revenue and significant expansion in its final results on Wednesday.
Read moreShoreCap starts Loungers at 'buy'
16th May 2023 08:46
(Sharecast News) - Shore Capital initiated coverage of Loungers on Tuesday at 'buy' with a fair value of 300p, referring to the company as a "high-quality" business.
Read moreBroker tips: Smiths Group, AB Foods, Loungers
16th May 2023 08:20
(Sharecast News) - Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to 'buy' from 'underperform' and lifted the price target to 2,000p from 1,150p, as it pointed to "hidden value waiting to be realised".
Read moreLoungers sales rise amid focus on expansion
25th Apr 2023 07:15
(Sharecast News) - Dining brand operator Loungers has reported like-for-like sales growth of 7.4% for its full year in a trading update on Tuesday, with a 17.6% increase compared to pre-pandemic levels on a three-year basis.
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