Loungers Plc (GB:LGRS) has released an update.
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Loungers Plc has reported a robust 24-week period with a like-for-like sales growth of 4.7% and an overall revenue increase of 19.2% to £178.3 million. The company has successfully opened 17 new sites, expanding their portfolio to 273 locations, and is on track to achieve a pre-Covid EBITDA margin target of 13.5%. CEO Nick Collins expressed delight at the company’s consistent sales growth and the record-setting opening of Ritorno Lounge in Bristol.
For further insights into GB:LGRS stock, check out TipRanks’ Stock Analysis page.
