Loungers PLC – LGRS – Trading Update
Loungers, the operator of 173 neighbourhood café / bar / restaurants across England and Wales under the Lounge and Cosy Club brands, announces the following update.
Loungers, the operator of 173 neighbourhood café / bar / restaurants across England and Wales under the Lounge and Cosy Club brands, announces the following update.
The Board is pleased to update on current trading having now re-opened all 165 sites in the estate, with the exception of Cosy Club in Leicester which opens this Friday. Like for like sales have been -1.7% over the period from 4 July, when our phased re-opening commenced, through to 2 August. Whilst these are still early days, we are encouraged by the initial strength of our trading performance to date and remain confident the Company will emerge strongly from this period.
Following our update on 22 April announcing the Placing and additional banking facilities, we would like to update the market on how we have used the closure period to protect and evolve the business.
Loungers plc (“Loungers” or the “Group”) is pleased to announce its unaudited Interim results for the 24 weeks ended 6 October 2019 (the “period”). Loungers is an operator of 161 café/bar/restaurants across England and Wales under two distinct but complementary brands, Lounge (133 sites) and Cosy Club (28 sites).
Loungers, the operator of 157 café / bar / restaurants across England and Wales which trade under the Lounge and Cosy Club brands, announces a trading update for the 24 weeks ended 6 October 2019.
In a very open competition this year, some great companies walked away with the gongs.