Loungers Plc (GB:LGRS) has released an update.
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Loungers Plc has reported a robust financial performance for the first half of 2024, with a 19.2% increase in revenue and a 25% rise in adjusted EBITDA. The company successfully opened 17 new sites and plans to end the fiscal year with 292 locations across its Lounge, Cosy Club, and Brightside brands. This growth is driven by strong like-for-like sales, improved operating margins, and strategic investments in brand development.
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