Hostmore PLC (GB:MORE) has released an update.
Hostmore PLC reports a 10% drop in like-for-like sales compared to the previous year, but an increase in EBITDA of £3.3 million for the first four months of 2024. The company also plans to complete the closure of its 63rd + 1st store locations by the end of June, which is expected to further improve EBITDA. Additionally, Hostmore is in the process of an all-share acquisition of TGI Fridays Inc., with financing discussions underway and a transaction completion target set for the end of Q3 2024.
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