10 September 2024
Cooks
Coffee Company Limited
("Cooks Coffee", the
"Company" or the
"Group")
AGM Trading
Update
Cooks Coffee Esquires branded
UK and Irish FY24 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 branded franchised coffee focused stores in
the UK & Ireland for the 22 weeks of its financial year to
1st September 2024.
Highlights
-
Group store sales up 23.1% at £13.8m
(NZ$28.5m)
-
UK store sales up 32.4% at £9.5m (NZ$19.7m) and
Ireland store sales up 6.4% at £4.3m (NZ$8.8m)
-
83 Group sites in the UK and Ireland as at 1st
September 2024, up from 75 as 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
nine new stores in the UK and Ireland and closed
one. The Company is benefitting from positive operating cash
flow reaffirming its positive trajectory and
underscores its continued progress.
Aiden Keegan, CEO of Cooks Coffee Company,
said: "We are delighted with the
sales growth within our current coffee store locations and with the
performance of the new stores.
"FY25 to date has witnessed the Company setting new
records and this success reflects the dedication
of our extended team of shareholders, directors, franchisees,
regional developers, and Company staff and most importantly the
support from our valued customers. We remain committed to
delivering great in-store experiences and setting new benchmarks in
the months ahead through our dedicated team of local franchise
store owners. We look forward to updating the market further in due
course."
AGM
presentation and Notice of Results
A copy of the AGM presentation can
be found on the Company's website: https://cookscoffeecompany.com/investor-relations
. The unaudited interim results
for the first six month period to 30 September 2024 will be
announced by 30 November 2024.
Enquiries:
|
Cooks Coffee
Company Limited
|
+64 21 702 509 (New Zealand)
|
|
Keith Jackson (Executive Chairman)
Aiden Keegan (Chief Executive)
|
keith.jackson@cookscoffeecompany.com
|
|
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+44 (0) 7980 608 440
(UK)
aiden@esquirescoffee.co.uk
+44 (0) 20 3934 6630 (UK)
|
|
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ukinvestorrelations@cookscoffeecompany.com
|
|
|
|
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IFC Advisory
Limited (Financial PR & IR)
|
+44 (0) 20 3934 6630
|
|
Tim Metcalfe, Graham Herring,
Florence Chandler
|
cookscoffee@investor-focus.co.uk
|
|
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Oberon Capital
(AQSE Corporate Adviser and Broker)
|
+44 (0) 20 3179 5300
|
|
Nick Lovering, Adam Pollock, Mike
Seabrook
|
|