2014 Preliminary Report

Cooks Global Foods Limited reports strong ongoing growth with store openings ahead of plan

Cooks Global Foods Limited (CGF.NZ) today reports progress in consolidating its business, most of which were acquired less than a year earlier in October 2013, and growing its global footprint and store numbers. In the six months since its March 2014 year end, the company has expanded into two new territories, and grown its worldwide store numbers to 79 at the end of September 2014. The store opening program has continued at an accelerated pace and at the report date (12 th December) there were 85 stores operating globally. The previously published target of stores for the end of March of 86 will be exceeded with this number now projected to be well in excess of 90. Expansion in both China and the Middle East has been driving the acceleration of the plan

The company acquired the Esquires IP rights in Canada in April 2014 and now owns the international Esquires brand rights globally excluding Australia and New Zealand. More recently the company has launched a major capital raising campaign, involving a series of graduated steps aimed to complete before the middle of 2015. These funds have been targeted for major capital projects, including potential strategic and growth focussed acquisitions

The company recorded an unaudited operating net loss of $1.2 million for the period ended 30 September 2014, compared with a pre-transformation operating net loss of $0.8 million for the period ended 30 September 2013. This result is in line with company forecasts which anticipate reducing losses and moving to profitability as critical mass is achieved through both natural and acquired growth.

Download the full report HERE