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Costa boosts third quarter performance at Whitbread

Whitbread has said its Costa chain of coffee shops has delivered total sales growth of 12.5% and a like-for-like sales increase of 4.3% in its third quarter.

FOOD & DRINK

Costa boosts third quarter performance at Whitbread

The company said the performance was supported by its new advertising and promotional campaigns and the timing of the quarter end, which included a strong start to the Christmas period.

The results mean that Costa grew its like-for-like sales by 3% in the 39 weeks to 1 December. Costa UK Retail system sales rose by 11.6% to £708 million.

Across the wider Whitbread business, which also includes Premier Inns, like-for-like and total sales increased by 1.9% and 8.3% respectively.

Alison Brittain, chief executive of Whitbread, said: "We continue to make good progress against our three-point strategic plan: to grow and innovate in our core UK businesses; to focus on our strengths to grow internationally; and to build the capability and platform to support future growth.”

Whitbread expects to open 230-250 net new Costa coffee shops worldwide and to install at least 1,500 new Costa Express machines, having already surpassed its previous guidance of 1,250 in the current financial year.

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