Cooks Coffee Company - Store Openings and Trading Update
Announcement provided by
Cooks Coffee Company Limited · COOK17/06/2024 07:00
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17 June 2024
Cooks Coffee Company
("Cooks Coffee", the "Company" or the "Group")
Store Openings and Trading Update
Cooks Coffee Company (NZX:CCC; AQUIS:COOK), the international coffee focused café chain, is pleased to provide information on its store openings and a trading update for the first ten weeks of the financial year for the Company's Esquires Organic Coffee Company brand.
Esquires has experienced strong growth across both the
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Overall Esquires store sales for the period increased by 23.7%. |
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For the past seven weeks, Esquires branded stores in |
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Esquires Store Sales increased by 30.1%. |
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Like-for-like sales grew by 5.5%. |
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New stores opened since April 2023 contributed significantly, accounting for 34.6% of total sales in this period. |
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Five new stores were opened in the |
Ireland Market:
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Esquires Store Sales increased by 11.7%. |
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Like-for-like sales rose by 8.0%. |
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New stores opened since April 2023 contributed 17.1% of total sales for the period. |
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One new store was opened in |
Esquires
The expansion strategy, combined with strong like-for-like sales growth, demonstrates the Company's resilience and ability to attract and retain customers in both established and new locations, as well as Cook Coffee's strong market position and the effectiveness of its customer engagement strategies.
Aiden Keegan, CEO of Cooks Coffee Company, said: "We are delighted with the strong start to the year. The performance across the
Enquiries:
Cooks Coffee Company Limited |
+64 21 702 509 ( |
Keith Jackson (Executive Chairman) Aiden Keegan (Chief Executive) |
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+44 (0) 7980 608 440 (
+44 (0) 20 3934 6630 ( |
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IFC Advisory Limited (Financial PR & IR) |
+44 (0) 20 3934 6630 |
Tim Metcalfe, Graham Herring, Florence Chandler
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Oberon Capital (AQSE Corporate Adviser and Broker) |
+44 (0) 20 3179 5300 |
Nick Lovering, Adam Pollock, Mike Seabrook |
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