Loungers sees like-for-like sales dip only -1.7%

Loungers sees like-for-like sales dip only -1.7%

Neighbourhood café, restaurant and bar operator Loungers has reported its like-for-like sales from the period of 4 July (when it began a phased reopening following the coronavirus outbreak) until the 2 August only dipped by -1.7%.

Its 165 venues in England and Wales, which are are run under the Lounge and Cosy Club brands, are now all reopen with the exception of Cosy Club in Leicester, which opens 7 August.

The company states that while these are still early days, it is encouraged by the initial strength of its trading performance to date and remains confident the business will emerge strongly from this period.

Loungers will next update the market in late September, when it will publish its preliminary results for the year ending 19 April 2020.