Trading Update
Cooks Coffee Company - Trading Update
RNS Number : 1849H
Cooks Coffee Company Limited
08 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
Group store sales up 26.0% at £16.4m
UK store sales up 36.0% at £11.4m and Ireland store sales up 6.7% at £5.1m
Like for like store sales were up 5.1% with UK up 6.3% and Ireland up 2.9%
83 Group sites in the UK and Ireland as at 29 September 2024, up from 75 at 1 April 2024
Strong pipeline of new stores with more than 10 further outlets expected to open before the end of the financial year
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."
Enquires
Cooks Coffee Company Limited
Keith Jackson (Executive Chairman)
+64 21 702 509 (New Zealand)
keith.jackson@cookscoffeecompany.com
Aiden Keegan (Chief Executive)
+44 (0) 7980 608 440 (UK)
aiden@esquirescoffee.co.uk
+44 (0) 20 3934 6630 (UK)
ukinvestorrelations@cookscoffeecompany.com
IFC Advisory Limited (Financial PR & IR)
+44 (0) 20 3934 6630
Tim Metcalfe, Graham Herring,
Florence Chandler
cookscoffee@investor-focus.co.uk
Oberon Capital (AQSE Corporate Adviser and Broker)
+44 (0) 20 3179 5300
Nick Lovering, Adam Pollock, Mike Seabrook