Caffè Nero announces 2.5% sales growth

Caffè Nero announces 2.5% sales growth

Caffè Nero Group recently announced 2.5% like-for-like sales growth for the 12 months ending 31st May 2018, with group sales increasing by 10%. The results mark 82 consecutive quarters of positive like-for-like sales and earnings before interest, taxes, depreciation and amortisation growth for the Group.

Over the same time period, the business opened an additional 75 stores worldwide, with 35 new oultets openings in the UK. That brings the Group’s stores total to 885, with over 690 stores in the UK and more than 24 stores now located in the USA. As part of the new opening and expansion programme, Caffè Nero created over 500 new jobs and now employs over 7,500 people across nine different territories.

Gerry Ford, founder and group CEO, said: “Our positive sales performance supports our belief and investment in quality coffee, supporting and growing our people and providing exceptional customer service. We have also continued to reinvest heavily in growing our estate and in maintaining a warm, welcoming and vibrant coffee shop environment.

“Despite a challenging climate for hospitality, we will continue to grow the business in the right locations and invest where we can continue to make a real difference for our customers.”