Loungers Full Year 2024 Earnings: EPS: UK£0.086 (vs UK£0.067 in FY 2023)

editorial-team@simplywallst.com (Simply Wall St)
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Loungers (LON:LGRS) Full Year 2024 Results

Key Financial Results

  • Revenue: UK£353.5m (up 25% from FY 2023).

  • Net income: UK£9.12m (up 32% from FY 2023).

  • Profit margin: 2.6% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue.

  • EPS: UK£0.086 (up from UK£0.067 in FY 2023).

LGRS Sales Performance and Store Count

  • Same store sales growth: 7.5% vs FY 2023.

  • Total stores: 257 (up by 35 from FY 2023).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Loungers Earnings Insights

In the last 12 months, the only revenue segment was Operating Café Bars and Café Restaurants contributing UK£353.5m. Notably, cost of sales worth UK£209.3m amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£123.8m (92% of total expenses). Explore how LGRS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in the United Kingdom.

Performance of the British Hospitality industry.

The company's shares are up 6.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Loungers' balance sheet health.

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