With Loungers trading ‘fantastically well’ and its organic growth strategy ‘never looking more relevant’, management is pulling no punches. Since full reopening on 17 May, its first nine weeks’ like-for-like sales growth of 24% on the same period of 2019 shows material market outperformance (restaurants +8% like-for-like in June, according to Coffer CGA Business Tracker) and sustains the buoyancy of its initial month (+27%). Yet more striking is Loungers’ resumption of its historical run rate of ....
03 Aug 2021
Loungers - On a roll
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Loungers - On a roll
Loungers Plc (LGRS:LON) | 218 30.5 6.9% | Mkt Cap: 226.2m
- Published:
03 Aug 2021 -
Author:
Richard Finch -
Pages:
2
With Loungers trading ‘fantastically well’ and its organic growth strategy ‘never looking more relevant’, management is pulling no punches. Since full reopening on 17 May, its first nine weeks’ like-for-like sales growth of 24% on the same period of 2019 shows material market outperformance (restaurants +8% like-for-like in June, according to Coffer CGA Business Tracker) and sustains the buoyancy of its initial month (+27%). Yet more striking is Loungers’ resumption of its historical run rate of ....