Cooks Coffee Company Limited Trading Update (9571M)
January 17 2023 - 2:03AM
UK Regulatory
TIDMCOOK
RNS Number : 9571M
Cooks Coffee Company Limited
17 January 2023
17 January 2023
Cooks Coffee Company Limited
("Cooks Coffee", the "Company" or the "Group")
Trading Update
Cooks Coffee Company posts record store sales in the UK for the
year
Cooks Coffee (NZX:CCC; AQUIS:COOK), the international coffee
focused cafe chain and parent company of the brands Esquires and
Triple Two, which is dual listed on the Aquis Growth Market in
London and the NZX in New Zealand, is pleased to report a strong
sales performance for the year ended 31 December 2022.
Cooks Coffee has recorded strong sales growth in the UK, up 41%
on 2021, with store sales in Ireland up by 91%. The Company has
focused its efforts on driving sales volumes through its existing
estate before embarking on a store expansion programme. Group sites
in the UK and Ireland are currently at 85 up from 82 sites as at 31
December 2021.
Since the start of 2023, Esquires has opened a new outlet in
Brackley, Northamptonshire. A further four openings are planned
before the end of March 2023 in the UK in Northamptonshire,
Leicestershire and Bedfordshire. The Triple Two brand is also
focused on a number of expansion opportunities, with three new
stores currently planning to open in London and Southern England
before the end of March 2023.
The Company's financial year end is 31 March and the results for
the year ended 31 March 2023 will be announced by 30 June 2023.
Keith Jackson, Executive Chairman of Cooks Coffee Company, said
: "These café sales results highlight the resurgence and growth of
the business and in this instance surpass those published by other
industry leaders.
"The Cooks Coffee franchise model promotes individual
entrepreneurship and local community engagement, which appears to
be resonating both with people who want to partner with us to open
new sites and existing franchisees looking to grow their businesses
through innovative new offerings. Having emerged from the pandemic
in a healthy position, the Company is now focused on organic growth
of the existing network."
Enquiries:
Cooks Coffee Company Limited +64 21 702 509 (New Zealand)
Keith Jackson (Executive Chairman) keith.jackson@cookscoffeecompany.com
+44 (0) 20 3814 5627 (UK)
ukinvestorrelations@cookscoffeecompany.com
VSA Capital Limited
(Aquis Corporate Adviser & Broker) +44 (0) 20 3005 5000
Andrew Raca, Simba Khatai, Alex
Cabral
(Corporate Finance)
David Scriven, Peter Mattsson (Corporate
Broking)
IFC Advisory Limited (Financial PR
& IR) +44 (0) 20 3934 6630
Tim Metcalfe, Graham Herring, Florence cookscoffee@investor-focus.co.uk
Chandler
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END
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