Loungers Plc (GB:LGRS) has released an update.
Loungers Plc has reported a robust financial performance with total revenues climbing to £353.5 million, a 24.7% increase over the previous year, bolstered by a strong like-for-like sales growth of 7.5% and the strategic opening of 36 new sites. The company’s effective cost management and easing inflationary pressures are set to push EBITDA beyond market expectations. With a strong balance sheet and continued site expansion, including a new Lounge in Ely, Cambridgeshire, Loungers Plc looks to a future of sustained growth.
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