Stock Analysis

Loungers Full Year 2023 Earnings: EPS Misses Expectations

Simply Wall St

Published September 03, 2023

Loungers (LON:LGRS) Full Year 2023 Results

Key Financial Results

Revenue: UK£283.5m (up 20% from FY 2022).
Net income: UK£6.93m (down 61% from FY 2022).
Profit margin: 2.4% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: UK£0.067 (down from UK£0.17 in FY 2022).

AIM:LGRS Earnings and Revenue Growth September 3rd 2023

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

Loungers EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Hospitality industry in the United Kingdom.

Performance of the British Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Loungers that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.