Loungers 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.
Read moreLoungers H1 profits slip despite 'sustained market out-performance'
30th Nov 2022 08:26
(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.
Read moreLoungers hoping to revive the A-road diner with new brand
7th Nov 2022 13:38
(Sharecast News) - Cafe, bar and restaurant operator Loungers announced the launch of a new roadside diner brand Brightside on Monday.
Read moreLoungers 'significantly' outperforms market in H1
14th Oct 2022 08:22
(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.
Read moreLoungers FY profits set to beat expectations following record sales
26th Apr 2022 09:59
(Sharecast News) - Cafe and bar operator Loungers revealed on Tuesday that full-year profitability was now expected to be ahead of expectations after it saw record sales in the 52 weeks ended 17 April.
Read moreLoungers interim revenues grow on strong sales
1st Dec 2021 08:12
(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.
Read moreBerenberg raises target price on Loungers
28th Oct 2021 10:52
(Sharecast News) - Analysts at Berenberg raised their target price on bar and restaurant operator Loungers from 350.0p to 390.0p on Thursday, stating the group was going from "strength to strength".
Read moreLoungers outperforms market since reopening on 17 May
15th Oct 2021 09:37
(Sharecast News) - Bar and restaurant operator Loungers said on Friday that it had significantly outperformed the broader market in the six months ended 3 October following the recommencement of indoor trading in mid-May.
Read moreLoungers outperforms since reopening after swinging to adjusted losses
21st Jul 2021 10:20
(Sharecast News) - Bar and restaurant operator Loungers reported a 52.9% fall in revenue in its preliminary results on Wednesday, to £78.35m, though it was seeing a "significant outperformance" since reopening its locations on 17 May.
Read moreLoungers experiences increased demand following resumption of indoor trading
17th Jun 2021 09:23
(Sharecast News) - Bar and restaurant operator Loungers said on Thursday that like-for-like sales over the four-week period from 17 May through to 13 June were up 26.6% against 2019 comparatives.
Read moreLoungers extends debt facilities ahead of reopening
9th Apr 2021 10:30
(Sharecast News) - Café, bar and restaurant operator Loungers said on Friday that its debt facilities have been extended and its covenants reset as it prepares to reopen 47 sites in England next week.
Read moreLoungers reports strong trading, slams government
2nd Dec 2020 09:33
(Sharecast News) - Loungers said it traded strongly until the second English lockdown as the bar operator reported a sharp drop in profit and criticised the government's treatment of the hospitality sector.
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