2016 Interim Report
GROWTH IN THE GLOBAL ESQUIRES COFFEE NETWORK CONTINUES AS THE GROUP PUTS IN PLACE THE INFRASTRUCTURE THAT WILL FACILITATE ITS ASPIRATIONS FOR BRANDED COFFEE OUTLETS AROUND THE WORLD.
Over the last six months Cooks has continued to focus on aligning store formats in China and the UK in line with Esquires’ Organic & Fairtrade brand values as well as integrating global back-office systems.
As disclosed in October, over the period the Esquires Coffee international network grew constant currency sales 13.0% to $20.4 million, up from $18.0 million in the same period of the prior year. Esquires’ constant currency sales are a leading indicator of the revenue Cooks generates from recurring revenues.
The growth reflected a 15% uplift in stores to 90 stores from 78 at the same time a year ago and a resilient same-store sales performance.