2018 Annual Report
REAPING THE REWARDS OF TRANSFORMATION
“COOKS IS CONTINUING TO MAKE PROGRESS AND WE ARE CONFIDENT THAT THE STEPS WE HAVE TAKEN THIS FINANCIAL YEAR HAVE SET UP THE COMPANY TO GROW AND TRANSITION TO CASHFLOW BREAKEVEN IN THE NEW FINANCIAL YEAR”.
Cooks Global Foods has made solid operational progress during the year. The company has reported a strongly improved financial performance after a year of consolidation that has set it up for the next phase of growth.
Group revenue from continuing operations for the 12 months to 31 March 2018 increased 26% to $6.73 million from $5.34 million in the same period a year ago. Sales of beverage products and franchise related fees benefited from continuing strong growth in the global Esquires Coffee House network2 where total store sales increased by 8.7%.
The group also saw a rising contribution from the branded consumer business especially the new Grounded responsible coffee brand.