The group saw a 23.1% growth in total sales, with store sales up 26%, amounting to £16.4 million. Ireland store sales rose by 36%, contributing £11 million, while other stores achieved a 6.7% growth, totalling £5.1 million.
Cooks Coffee opened ten stores and plans to open at least ten more by year-end, possibly more.
Each store adds approximately £20,000 to the company’s top line, a conse
rvative yet impactful contribution. Aiden expressed confidence in the upcoming half-year financial results, which will be released in November. This period will mark a record-breaking period for the company.
Highlights
– Group store sales up 23.1% at £13.8m (NZ$28.5m)
– UK store sales up 32.4% at £9.5m (NZ$19.7m) and Ireland store sales up 6.4% at £4.3m (NZ$8.8m)
– 83 Group sites in the UK and Ireland as at 1st September 2024, up from 75 as at 1 April 2024
– Strong pipeline of new stores with more than 10 further outlets expected to open before the end of the financial year
Aiden Keegan, CEO of Cooks Coffee Company, said: “We are delighted with the sales growth within our current coffee store locations and with the performance of the new stores.
“FY25 to date has witnessed the Company setting new records and this success reflects the dedication of our extended team of shareholders, directors, franchisees, regional developers, and Company staff and most importantly the support from our valued customers. We remain committed to delivering great in-store experiences and setting new benchmarks in the months ahead through our dedicated team of local franchise store owners. We look forward to updating the market further in due course.”
