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Costa Coffee like-for-like sales up 8.4%

Costa Coffee has reported a 21.5% increase in its first quarter UK retail system sales to £123.9 million as it continues to expand its network of stores.

GENERAL MERCHANDISE

Costa Coffee like-for-like sales up 8.4%

Costa Coffee has reported a 21.5% increase in its first quarter UK retail system sales to £123.9 million as it continues to expand its network of stores.

The high street coffee shop chain, which is part of the Whitbread Group, saw a 24.7% rise in total system sales to £226.7 million in the 13 weeks to 31 May 2012. Like-for-like sales at Costa’s UK equity stores grew by 8.4%.

Andy Harrison, chief executive of Whitbread, said: "Costa has continued its excellent momentum delivering a 25.3% growth in total sales, with an 8.4% increase in UK like-for-like sales and strong international growth."

He added: "Our consistent investment in product quality and customer experience has helped our strong brands to outperform their competitors."

Costa opened 35 new UK stores in the quarter, of which 29 were in the UK Retail division and six were in Costa Enterprise which incorporates the company’s self-serve Costa Express machines.  There are plans to open a total of 350 new stores and 1,000 Costa Express units in the full year.

The company now operates 1,714 Costa Express self-serve units in locations such as petrol forecourts, supermarkets and newsagents. Costa Enterprise reported a 29.9% rise in system sales to £50.6 million in the quarter.

Internationally, system sales grew by 25.8% to £52.2 million, with growth of 13.2% in EMEI and 131.1% in Costa Asia. Costa opened 35 new international stores including 22 in China where there are now 186 outlets.

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