Loungers Plc Celebrates Record Financial Year

Loungers Plc (GB:LGRS) has released an update.

Loungers Plc has reported a record-breaking year with revenues reaching £353.5 million, a significant 24.7% increase from the previous year, and an impressive 25.9% growth in Adjusted EBITDA to £59.6 million. The company attributes its financial success to the opening of 36 new sites, leading to the creation of 1,200 jobs, and a like-for-like sales growth of 7.5%. Loungers’ CEO credits the brand’s diverse and flexible offerings for its continued market relevance and robust performance, even amidst an improving macroeconomic climate.

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