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Costa boosts sales for Whitbread

Whitbread has said its Costa chain of coffee shops has enjoyed a good start to its financial year with strong sales growth in its first quarter…. View Article

GENERAL MERCHANDISE

Costa boosts sales for Whitbread

Whitbread has said its Costa chain of coffee shops has enjoyed a good start to its financial year with strong sales growth in its first quarter.

In the 13 weeks to 2 June total system sales grew by 11.4% to £414.3 million. Within this, franchise system sales climbed by 10.5% to £158.7 million.

UK equity stores grew their like-for-like sales by 2.6%. During the period Costa opened 35 net new UK stores.

International system sales increased by 11.5% to £88.3 million. The company said it was “excited” about the long term growth opportunity in China although it had recently experienced a tougher trading environment due to a weaker Chinese economy.

Across the wider Whitbread group, which includes the Premier Inn hotel chain, total sales grew by 8% with like-for-like sales up 1.8%.

Whitbread chief executive Alison Brittain said: “Whitbread delivered total sales growth of 8% in the first quarter as we continue with a relentless focus on our customers, innovation and investing in our strong brands. Costa has started the year well and Premier Inn continues to win share, albeit in a weaker than expected hotel market.”

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