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Costa Coffee reports strong sales growth

Costa Coffee saw its total system sales rise by 22.4% to £962 million last year as the Whitbread owned chain continues to expand its store network.

GENERAL MERCHANDISE

Costa Coffee reports strong sales growth

Costa Coffee saw its total system sales rise by 22.4% to £962 million last year as the Whitbread owned chain continues to expand its store network.

In the 50 weeks to 14 February, the coffee chain increased its like-for-like sales by 6.6% while UK retail system sales rose 20.2% to £525.2 million.

In Whitbread’s fourth quarter, which covers the 11 weeks to 14 February, Costa grew its total sales by 32.2% while like-for-like sales rose by 5.5%.

Whitbread said it was on track to open 320 new stores worldwide and around 1,300 Costa Express units in the full year. Next year, the company plans to open a similar number of coffee outlets and over 500 Costa Express units worldwide. 

Costa now operates a 1,241 Costa stores in the UK and 2,516 international shops in Europe, the Middle East and Asia.

Franchise sales increased 18.5% rise to £383.3 million in the 50-week period. 

Across the Whitbread Group total sales increased by 16.9% in the fourth quarter, while like-for-like sales rose by  2.7%. Whitbread said the like-for-like growth was “slightly suppressed” due to adverse weather conditions in January.

Berangere Bragard, Head of Sales Forecourts & Retail, Costa Coffee will be presenting a retailer case stusdy at the Retail Bulletin's International Expansion Summit, 26th March 2013. The title of the  presentation is: Building strategic partnerships for international growth - Pushing boundaries with new channels.To view the full programme for the day and to register your place, click here.


 

 

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