Cooks Coffee Company Limited Store Openings and Trading Update
17 Junio 2024 - 1:00AM
RNS Regulatory News
RNS Number : 6008S
Cooks Coffee Company Limited
17 June 2024
17
June 2024
Cooks Coffee
Company
("Cooks Coffee", the
"Company" or the
"Group")
Store Openings and Trading
Update
Cooks Coffee Company (NZX:CCC;
AQUIS:COOK), the international coffee focused café
chain, is pleased to provide information on
its store openings and a trading update for the first ten weeks of
the financial year for the Company's Esquires Organic Coffee
Company brand.
Esquires has
experienced strong growth across both the UK and Ireland markets,
with notable increases in sales and successful new store
openings.
UK
and Ireland Combined Performance:
|
•
|
Overall Esquires store sales for the period
increased by 23.7%.
|
|
•
|
For the past seven weeks, Esquires
branded stores in UK & Ireland achieved aggregate sales
exceeding £600,000 each week and recorded over 80,000 transactions
weekly. This level of performance had only been surpassed twice
previously, including the Christmas week of last year.
|
UK
Market:
|
•
|
Esquires Store Sales increased by 30.1%.
|
|
•
|
Like-for-like sales grew by
5.5%.
|
|
•
|
New stores opened since April 2023
contributed significantly, accounting for 34.6% of total sales in
this period.
|
|
•
|
Five new stores were opened in the
UK in Colliers Wood, Newport, Sudbury, Pinner, and Ruislip during
April & May 2024.
|
Ireland Market:
|
•
|
Esquires Store Sales increased by 11.7%.
|
|
•
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Like-for-like sales rose by
8.0%.
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•
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New stores opened since April 2023
contributed 17.1% of total sales for the period.
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•
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One new store was opened in Ireland:
Galway - Wellpark in April 2024.
|
Esquires UK & Ireland store
sales represented 89.3% of the company's franchised store sales
from the global store network and the revenue for the year to
31st March 2024 accounted for 98.4% of the Company's
revenue. As such, store sales and revenue figures quoted
herein materially represent, and can be used as an indication of,
the store sales revenue of the Company.
The expansion strategy, combined
with strong like-for-like sales growth, demonstrates the Company's
resilience and ability to attract and retain customers in both
established and new locations, as well as Cook Coffee's strong
market position and the effectiveness of its customer engagement
strategies.
Aiden Keegan, CEO of Cooks Coffee Company,
said: "We are delighted with the
strong start to the year. The performance across the UK and Ireland
of the Esquires brand is a testament to our dedicated team and our
strategic focus on expansion and customer experience. The new
stores have performed very well, and we are excited about the
continued opportunities for growth in both markets."
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END
NEXSFLEDMELSEDM
Cooks Coffee (AQSE:COOK)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
Cooks Coffee (AQSE:COOK)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024
