THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
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.

GENERAL MERCHANDISE

Costa boosts sales for Whitbread

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."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing