REG - Cooks Coffee Company - Trading Update

Cooks CoffeeAnnouncement

17/01/2023 07:16

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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
                                                    (mailto:ukinvestorrelations@cookscoffeecompany.com)

 VSA Capital Limited                                +44 (0) 20 3005 5000

 (Aquis Corporate Adviser & Broker)
 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 Chandler  cookscoffee@investor-focus.co.uk (mailto:cookscoffee@investor-focus.co.uk)

 

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