All Loungers articles – Page 2
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InterviewsLoungers’ Nick Collins on reaching new heights
The CEO speaks to MCA about targeting 665 sites and beyond, a Scottish debut further down the line, and nurturing the Cosy Club and Brightside brands
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NewsLoungers achieves record year of sales, profits and openings
The Lounge, Cosy Club, and Brightside operator reported industry-leading like-for-like sales growth of 7.5%, with revenue growing 24.7% year-on-year to £353.5m - demonstrating its target of 665 sites remains a ‘conservative’ one
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InterviewsLoungers: ‘We exist to bring people together’
Group MD Justin Carter discussed his “huge pride” at the business’ contribution to revitalising high streets, Loungers’ broad consumer appeal, and what’s in store for the ‘pub of the future’, at MCA’s Pub Conference
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InterviewsLoungers: ‘The intention is to carry on opening 35 sites a year’
The all-day concept has seen sales growth across day parts and categories as it looks to maintain its current rate of expansion, CEO Nick Collins tells MCA
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NewsLiberum: Loungers outperforming on multiple measures
Like-for-like sales growth, new openings, and cost control all exceeded expectations in FY24, while the scope for rollout “remains vast,” according to the analyst
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NewsLoungers delivers record revenue
The all-day cafe, bar, and restaurant operator has reported £353.5m in revenue for the 53 weeks ended 21 April 2024, reflecting both strong like-for-like sales growth and the success of the openings programme
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NewsLoungers continues to go from strength to strength
The all-day concept has opened a new site every 10 days so far this year, bringing its estate to 257 as it looks to reach the 600-site mark
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NewsNPD taps into global flavour trends
A flurry of seasonal menu refreshes see Subway lean on a growing trend for smokehouse concepts, Loungers inspired by Brixton’s finest Caribbean restaurants, while Pret introduces Thai-style salads and wraps
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NewsLoungers updates senior team
Justin Carter has taken on the new role of group managing director, while Kate Eastwood has joined as Lounge managing director from Fuller’s
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NewsLoungers appoints CFO
Stephen Marshall will replace Gregor Grant as chief financial officer at the all day café/bar/restaurant operator
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NewsLoungers celebrates 250 sites
The all-day concept opens its 250th site - Pionero Lounge in Rochdale - today, and remains on track to open 34 sites in the current financial year
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InterviewsLoungers: ‘We’re very positive about 2024’
The versatility and all-day nature of its offer ensures the continued success and relevance of the model, CEO Nick Collins tells MCA
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NewsLoungers CFO to step down
Gregor Grant, who has been part of the leadership team since 2018, will leave the company in July 2024
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NewsLoungers: Not all doom and gloom in the hospitality sector
The cafe-bar group is “living proof” that strong businesses are still capable of thriving, as it reports half year revenue up 22% to £150m
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InterviewsLoungers staying ‘agile’ through menu innovation
As the all-day operator continues to accelerate its site-roll out plan, head of food Caine Langford says Loungers is staying agile by maintaining menu consistency and harnessing trial periods to delve into consumer feedback.
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NewsLoungers on track for 34 new sites this year
The all-day operator’s accelerated rollout plan remains firmly on track, with the opening of its first Cosy Club in Oxford as well as three new Lounges
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Analysis & InsightLoungers: opportunity to revisit valuation
Analyst Berenberg has increased its price target to 360p, citing recent takeover announcements in the sector leading to greater focus on the low valuations many leisure names have been trading on
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NewsLoungers reports consistent sales growth
The all-day cafe-bar operator reports like-for-like sales up 7.7% in the 24 weeks to 1 October 2023
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NewsLoungers raises prices by 8% due to inflation
Speaking after a slight drop in inflation, Loungers CEO Nick Collins said he had seen no consumer belt tightening, despite price rises
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InterviewsLoungers: ‘We must remember what it’s like to be a small business’
As the all-day operator marks the milestone of 200 sites under its Lounge concept, chairman and co-founder Alex Reilley speaks to MCA about the big target of reaching 600 locations, and how the business’ leaders are adapting to a larger profile as the company expands its footprint in high streets across the nation