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Loungers - Like-for-like sales accelerate to almost 10%

December 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A positive update from Loungers, which noted like-for-like sales accelerating from +5.7% in the first 12 weeks of FY’24 to almost 10% in the second 12 weeks as its unique all-day trading, value for money casual dining concept resonated with hard-pressed consumers. Overall, H1 was up 7.7%. The group opened a further 16 sites in the first 24 weeks (with Peel Hunt forecasting 34 for the year) and these are wholly financed by internal cashflow. Encouragingly, new sites are beneficiaries of lower commercial rents, with the broker expecting average cash return on capital employed maintained above 30% and this has increased average EBITDA contribution per outlet. Peel Hunt says, “combined with diminishing inflationary pressures this sho ...

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Vistry

Topps Tiles

Loungers - Strong trading delivers new upgrade (January 2024)

Loungers - Roll-out target upped from 400 to 600 (September 2023)

Loungers (June 2023)

Loungers (February 2023)

Loungers - Accelerating new openings from 24 to 32 as it eyes 500 outlets (September 2022)

Loungers (June 2022)

Loungers (February 2022)

Loungers (January 2021)

Loungers (December 2020)

Loungers (October 2020)

Loungers - Best-in-class cafe bar group looks set to beat forecasts (September 2020)

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Loungers - Like-for-like sales accelerate to almost 10%

December 2023

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