Uk news Loungers bar and café sales lifted by Eat Out to Help Out scheme London news

MetiNews.Com - Café and bar operator Loungers has seen sales leap since sites reopened from the Covid-19 lockdown, helped by customer take-up of the government’s Eat Out to Help Out scheme. The company behind 167 venues said it benefited from the discounting offer, which resulted in record sales for the business during August. The chain, which has a number of sites in greater London and the

Uk news Loungers bar and café sales lifted by Eat Out to Help Out scheme London news

MetiNews.Com - Café and bar operator Loungers has seen sales leap since sites reopened from the Covid-19 lockdown, helped by customer take-up of the government’s Eat Out to Help Out scheme. The company behind 167 venues said it benefited from the discounting offer, which resulted in record sales for the business during August. The chain, which has a number of sites in greater London and the

Uk news  Loungers bar and café sales lifted by Eat Out to Help Out scheme London news
16 September 2020 - 07:48

Breaking News ! Café and bar operator Loungers has seen sales leap since sites reopened from the Covid-19 lockdown, helped by customer take-up of the government’s Eat Out to Help Out scheme. The company behind 167 venues said it benefited from the discounting offer, which resulted in record sales for the business during August. The chain, which has a number of sites in greater London and the home counties, said comparable sales jumped 29.9% from July 4 to September 13. Hospitality groups had to shut venues in March when the lockdown started and could only reopen in July, with social distancing measures in place. Loungers’ boss Nick Collins said: "Clearly we don't know what is around the corner. We anticipate further interruption to trade on either a local or regional basis in the short-term and have the balance sheet and liquidity to withstand significant further Covid impacts.” Read more Restaurant sector in London cheers boost from Eat Out to Help Out Revolution Bars extends Eat Out to Help Out into September Landlord Grosvenor offers Eat Out to Help Out extension for tenants Pubs giant expects more subdued sales when Eat Out to Help out ends Collins added: “Whilst the economic outlook remains uncertain, we take confidence from our performance to date and remain optimistic with regard to future trading.

.” Revenue in the year to April improved 8.8% to £166.5 million. Full-year pre-tax losses widened to £14.7 million from a £6.7 million loss, due to lockdown disruption and costs linked to the IPO. Loungers floated at 200p per share in April 2019, and the shares in early trading this morning rose 17p to 170p.

Source = MetiNews.Com

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Uk news Loungers bar and café sales lifted by Eat Out to Help Out scheme London news


Uk news Loungers bar and café sales lifted by Eat Out to Help Out scheme London news


Uk news Loungers bar and café sales lifted by Eat Out to Help Out scheme London news


Uk news Loungers bar and café sales lifted by Eat Out to Help Out scheme London news

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