Cooks Coffee Company Limited Trading Update
08 Octobre 2024 - 8:00AM
RNS Regulatory News
RNS Number : 1849H
Cooks Coffee Company Limited
08 October 2024
8 October 2024
Cooks
Coffee Company Limited
("Cooks Coffee", the
"Company" or the
"Group")
Trading
Update
Cooks Coffee Esquires branded
UK and Irish FY25 store sales up 23.1%
Cooks Coffee Company (NZX:CCC;
AQUIS:COOK), the international coffee focused café chain,
is pleased to provide a trading update covering
the Company's Esquires (The Organic Coffee Company) branded
franchised coffee focused stores in the UK & Ireland for the 26
weeks of its financial year to 29 September 2024.
Highlights
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Group store sales up 26.0% at
£16.4m
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-
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UK store sales up 36.0% at
£11.4m and Ireland store
sales up 6.7% at £5.1m
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-
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Like for like store sales were up
5.1% with UK up 6.3% and Ireland up 2.9%
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83 Group sites in the UK and Ireland
as at 29 September 2024, up from 75 at 1 April 2024
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Strong pipeline of new stores with
more than 10 further outlets expected to open before the end of the
financial year
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During the period, the Company added
ten new stores in the UK and Ireland and closed
two. The Company is benefitting from positive operating cash
flow reaffirming its positive trajectory
and underscores its continued progress.
A full financial update will be
provided for the six month period ended 30 September by the end of
November 2024.
Aiden Keegan, CEO of Cooks Coffee Company,
said: "We are delighted with the
continued sales growth across our existing coffee store locations,
as well as the strong performance of our newly opened
stores.
"FY25 so far has been a record-breaking
period for Company, and this achievement is a testament to the hard work and
commitment of our entire team. As we look ahead, we are dedicated
to providing exceptional in-store experiences and setting even
higher benchmarks through the efforts of our local franchise
owners."
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END
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