• Swindon & Wiltshire Retail
• Friday October 13 2023
• Author Name: Peter Davison

New outlets lead Loungers revenues to jump by a fifth

Revenues have jumped by a fifth at Bristol-based cafe bar and restaurant chain Loungers, investors were told today (Friday).

The firm – which started life with a single cafe in Bristol’s Bedminster district – said sales were up 7.7 per cent in the 24 weeks to the start of October.

Loungers made £149.6 million in revenue in the first half of the financial year – 22.3 per cent higher than the year before.

The group had opened 16 more sites during those six months bringing its tally of Lounge outlets to 238.

It plans to add to this and open a record 34 sites during this financial year.

Loungers recently said there was scope for at least 600 Lounges across the UK, as well as additional Cosy Clubs and Brightside roadside cafes, of which there are 35 and three respectively.

CEO Nick Collins said: “”I am delighted with our strong trading performance across both the mature estate and our new openings. Our consistent sales growth reflects the continued evolution of our offer and the resilience of the UK consumer and high street.

“We have now opened 34 sites in the past 12 months, creating around 1,000 jobs in the process, and 72 sites since the last Covid lockdown. With a great pipeline of further openings in front of us I have never felt more optimistic about our prospects.

“None of this would be possible without our amazing team, and as ever I would like to say a massive thank you to them for their hard work.”

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