Cooks Coffee Company - Trading Update

Announcement provided by

Cooks Coffee Company Limited · COOK

08/10/2024 07:00

RNS Number : 1849H

Cooks Coffee Company Limited

08 October 2024

8 October 2024

Cooks Coffee Company Limited

("Cooks Coffee", the "Company" or the "Group")

Trading Update

Cooks Coffee Esquires branded UK and Irish FY25 store sales up 23.1%

Cooks Coffee Company (NZX:CCC; AQUIS:COOK), the international coffee focused café chain, is pleased to provide a trading update covering the Company's Esquires (The Organic Coffee Company) branded franchised coffee focused stores in the UK & Ireland for the 26 weeks of its financial year to 29 September 2024.

Highlights

-	Group store sales up 26.0% at £16.4m
-	UK store sales up 36.0% at £11.4m and Ireland store sales up 6.7% at £5.1m
-	Like for like store sales were up 5.1% with UK up 6.3% and Ireland up 2.9%
-	83 Group sites in the UK and Ireland as at 29 September 2024, up from 75 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

During the period, the Company added ten new stores in the UK and Ireland and closed two. The Company is benefitting from positive operating cash flow reaffirming its positive trajectory and underscores its continued progress.

A full financial update will be provided for the six month period ended 30 September by the end of November 2024.

Aiden Keegan, CEO of Cooks Coffee Company, said: "We are delighted with the continued sales growth across our existing coffee store locations, as well as the strong performance of our newly opened stores.

"FY25 so far has been a record-breaking period for Company, and this achievement is a testament to the hard work and commitment of our entire team. As we look ahead, we are dedicated to providing exceptional in-store experiences and setting even higher benchmarks through the efforts of our local franchise owners."

Enquiries:

Cooks Coffee Company Limited	+64 21 702 509 (New Zealand)
Keith Jackson (Executive Chairman) Aiden Keegan (Chief Executive)	keith.jackson@cookscoffeecompany.com
	+44 (0) 7980 608 440 (UK) aiden@esquirescoffee.co.uk +44 (0) 20 3934 6630 (UK)
	ukinvestorrelations@cookscoffeecompany.com

IFC Advisory Limited (Financial PR & IR)	+44 (0) 20 3934 6630
Tim Metcalfe, Graham Herring, Florence Chandler	cookscoffee@investor-focus.co.uk

Oberon Capital (AQSE Corporate Adviser and Broker)	+44 (0) 20 3179 5300
Nick Lovering, Adam Pollock, Mike Seabrook

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NEXGCBDGLSGDGSR]]>

COOK announcements All announcements