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Results: LGRS

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EPIC LGRS
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Loungers – argues “like for like sales growth”…but is there? And what about the bottom-line?

Previously writing on Lounge and Cosy Club cafe/bar/restaurants company Loungers (LGRS), in summer last year with the shares at 277.5p I concluded that the valuation and sustainable demand uncertainty meant at best only on the watchlist. The shares are currently at 206p, though what of they being up today on the back of a “continues to thrive” trading update?

EPIC LGRS
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Loungers – strong recent sales, but what does the valuation already discount?...

A trading update from operator of 173 café/bar/restaurants across England and Wales under the Lounge and Cosy Club brands, Loungers plc (LGRS) includes “like for like sales over the four-week period from 17 May through to 13 June 2021 were +26.6%, using the period 20 May to 16 June 2019 as the comparator”. The stock of recovery interest?...

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