Notice of Results

Loungers PLC

29 June 2023

 

29 June 2023

Loungers plc

Notice of Preliminary Results

Loungers plc, (LSE: LGRS), a leading operator of all-day café/bar/restaurants across the UK, will be announcing its preliminary results for the year ended 16 April 2023 on the morning of Wednesday 12 July 2023.

Nick Collins, CEO, and Gregor Grant, CFO, will be hosting an analyst briefing at 9.30am on 12 July at the offices of Liberum, Ropemaker Place, Level 12, 25 Ropemaker Street, London, EC2Y 9LY.  

For further information, please contact Powerscourt on the details below.

Enquiries: 

Powerscourt [e-mail]

[phone]

About Loungers

Loungers operates through its two complementary brands - Lounge and Cosy Club - in the UK hospitality sector.  A Lounge is a neighbourhood café/bar combining elements of coffee shop culture, the British pub and dining.  There are 193 Lounges nationwide.  Lounges are principally located in secondary suburban high streets and small town centres.  The sites are characterised by informal, unique interiors with an emphasis on a warm, comfortable atmosphere, often described as a "home from home".

Cosy Clubs are more formal bars/restaurants offering reservations and table service but share many similarities with the Lounges in terms of their broad, all-day offering and their focus on hospitality and culture.  Cosy Clubs are typically located in city centres and large market towns.  Interiors tend to be larger and more theatrical than for a Lounge, and heritage buildings or first-floor spaces are often employed to create a sense of occasion.  There are 35 Cosy Clubs nationwide.

Loungers launched its third brand, a roadside dining concept called Brightside, in November 2022. The first two Brightside locations are now open, on the A38, south of Exeter, and on the A38 at Saltash with a further site to open on the A303 in summer 2023.

 

END