8th Oct 2024 19:46
(Alliance News) - Cooks Coffee Co Ltd on Tuesday hailed a record-breaking year with growth across both existing and new stores.
The branded franchised coffee focused store chain said sales rose 26% to GBP16.4 million in the financial year to September 29.
UK store sales increased 36.0% to GBP11.4 million and Ireland store sales rose 6.7% to GBP5.1 million. Like for like store sales were up 5.1%, with the UK up 6.3% and Ireland up 2.9%.
"The company is benefitting from positive operating cash flow reaffirming its positive trajectory and underscores its continued progress," Cooks Coffee said in a statement.
Chief Executive Aiden Keegan said financial 2025 has so far been a "record-breaking period".
"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," he added.
Group sites in the UK and Ireland as at September 29 totalled 83, and more than 10 further outlets are expected to open before the end of the financial year.
Shares in Cooks Coffee closed unchanged at 6.50 pence in London on Tuesday.
By Jeremy Cutler, Alliance News reporter
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