Café-restaurant chain Loungers has revealed lower profits following the impact of soaring cost inflation and the end of government pandemic support but said it is “optimistic” about Christmas trading.
The company, which was founded in Bristol and now operates 175 Lounge and 35 Cosy Club sites, told shareholders on Wednesday (November 30) it had seen “positive momentum” continue over the past eight weeks.
Like-for-like sales over the financial year to November 27, are up 17.4% against pre-pandemic levels from 2019.
