StockMarketWire.com - Loungers said sales increased by more than fifth as cafe, bar and restaurant operator increased the number of sites in the 24 weeks to 6 October.

For the 24 weeks to 6 October, total revenue grew 22% to £79.8m, with like-for-like sales up 5.4%.

Over the course of the period, the company opened 10 new sites, comprising eight Lounges and two Cosy Clubs, taking the portfolio to 156 sites as at 6 October 2019.

Since then, the 27th Cosy Club was opened in Basingstoke last week and a further three sites were scheduled to open before the end of October, comprising a Cosy Club in Plymouth and Lounges in Carmarthen and Buxton, the company said.

The company said it remained on track to open 25 new sites in the financial year and the pipeline remained 'strong.'


At 8:36am: [LON:LGRS] share price was 0p at 199.5p



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