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Home » UK Shares » Three Quick Facts » Three Quick Facts: Dr Martens, Trainline and Loungers

Three things you need to know in the financial markets this morning from investment writer, Tony Cross.

Dr Martens

Dr Martens [LON:DOCS] has published its first set of full year results as a listed company, for the 12 month period to March 31st. Despite a year of turmoil for many retailers, the company has seen revenues grow by 15%, thanks in part to adding focus on online sales. However as the CEO notes, the product itself has a timeless design and the company sees itself very much as a brand custodian, something which has helped underpin performance. The guidance remains unchanged and the company hopes to start paying a dividend in the current financial year.

Trainline

The Trainline [LON:TRN] has issued its latest quarterly trading update covering March, April and May. Travel by train took a nosedive during the pandemic, so as the economy opens back up again, the results here are of added interest. There’s been a colossal 269% uptick in sales from the same period a year ago, but arguably what’s more interesting is the fact that in May ticket volumes were 92% of the 2019 (FY2020) figure, showing strong outperformance against industry passenger volumes.

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Loungers

Restaurant and bar operators Loungers [LON:LGRS] has issued a trading update, highlighting how well the group has performed since the unwinding of some restrictions on indoor hospitality. For the period May 20th-June 16th, sales were 26.6% higher than the equivalent 2019 figure, highlighting pent up demand and the benefits of the VAT reduction. The company’s updates are notable for their pragmatic stance over the ongoing restrictions and management look forward to a return to normality on July 19th. Full year results will be published on July 21st.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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