Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Loungers sees record like-for-like growth of 11% over Christmas

09 January 2019 by
Loungers sees record like-for-like growth of 11% over Christmas

Loungers has reported a successful Christmas period with record like-for-like sales growth of 11%.

The 139-site strong group said the five weeks to 6 January saw total sales of £18.3m, 31% higher than the previous year.

Since the beginning of the financial year (23 April 2018), the group has opened 17 new Lounges and one Cosy Club with a further seven openings planned before 21 April 2019.

The company has said the pipeline for new openings remains strong and it envisages a further 25 new sites in 2019.

Nick Collins, chief executive of Loungers, said: "I am delighted to report another period of strong trading. Both Lounge and Cosy Club delivered impressive volume-led growth against strong comparatives last year, whilst maintaining a keen focus on price and margin. As in previous years, the vast majority of our sites were closed for both Christmas Day and Boxing Day, enabling our teams to spend time with their friends and families. Huge credit must go to our teams for their amazing hard work and commitment in delivering such a fantastic result. Christmas is a demanding time of year for the hospitality sector and their willingness and determination to provide great customer experiences in the communities in which we serve underlies our success.

"We are excited about the prospects for the business in 2019 and continue to see great opportunities to expand whilst maintaining our strict discipline around site economics and returns. We plan to deliver our roll-out ambition of 25 new sites per year, expanding into new regions and trading locations, bringing Loungers' unique hospitality, culture and experience to an increasingly broad customer base."

Loungers eyes 500 sites as pre-tax profits grow to £5.6m>>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking