Results for the 53 weeks ended 21st April 2024
												
					 
						Another year of record growth and out-performance
												
					 
						Financial Review - Stephen Marshall - CFO
												
					 
						Results summary FY24 vs FY23
												
					 
						Consistent LFL performance across site age cohorts
												
					 
						Underlying margin FY24 vs FY23
												
					 
						Margin outlook – inflation continues to moderate
												
					 
						Medium term goal to restore pre-Covid EBITDA margin of 13.5%
												
					 
						Cash flow IAS17 – continuing strong cash generation
												
					 
						Capital expenditure – a record number of new sites
												
					 
						Lounge roll-out investment – FY24 vs FY23
												
					 
						Demonstrating the maturity profile of a new Lounge opening
												
					 
						Strategy and Operations Review - Nick Collins - CEO
												
					 
						We continue to have confidence in the high street and trading environment
												
					 
						How has the Lounge sales profile changed over the last 5 years?
												
					 
						Investment in the Lounge operational structure
												
					 
						Brightside - thejourney so far
												
					 
						A record year of new openings
												
					 
						Case Study - Bordo Lounge
												
					 
						Case Study - Verraco Lounge
												
					 
						Pipeline in a strongplace and property market continues to befavourable
												
					 
						Building a senior leadership platform for continued growth
												
					 
						Labour’s New Deal for Working People?
												
					 
						Conclusions - Alex Reilley – Executive Chairman