REG - Coppa Collective PLC - Half-Year Trading Update & Notice of Results
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RNS Number : 7601D Coppa Collective PLC 11 May 2026
The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.
11 May 2026
Coppa Collective plc
("Coppa Collective" or the "Company" and, together with its subsidiaries, the
"Group")
Half-Year Trading Update & Notice of Results
Coppa Club leads positive first-half trading
Coppa Collective plc, a premium, multi-format hospitality group, provides the
following update on trading for the 26-week period ended 29 March 2026 (the
"Period").
Highlights
· Coppa Club like-for-like ("LFL") sales growth of 3.2%, ahead of the market(1)
()
· Group LFL sales growth of 1.8%(2), with Group revenue of £25.0m (H1 2025:
£24.7m)
· Acquisition of The Linwood Collection completed, establishing a third
operating brand
· Active pipeline of selective expansion opportunities
(1) The market refers to the Restaurant channel of the NIQ RSM Hospitality
Business Tracker, which averaged -0.2% over the 26 weeks ended 29 March 2026.
(2) Excludes Tavolino, where significant landlord works have reduced trading
capacity during the Period and will continue until completion later in H2
2026.
Trading performance
Coppa Club continued to lead the Group's performance, delivering LFL sales
growth of 3.2% and outperforming the wider market. Performance was broad-based
across the estate, with a number of sites delivering strong double-digit LFL
growth. Coppa Club's versatile, all-day format continues to resonate in the
current environment, and the brand remains the focus of the Group's near-term
expansion.
At Noci, a smaller and earlier-stage part of the Group, like-for-like sales
were modestly behind the prior year, reflecting softer conditions in the
broader casual dining market. In line with the strategy set out at the full
year, the Group launched a broader food offer across the Noci estate
post-Period, extending the concept toward a more complete modern Italian
proposition. Early indications are encouraging and the second half will
provide a more meaningful read on the evolution of the offer.
Brand portfolio and expansion
The Group completed the acquisition of The Linwood Collection, establishing
its third operating brand. Integration is progressing as planned and early
interactions with the acquired sites have been positive. Discussions regarding
the potential acquisition of The Queen's Head (Surrey) remain ongoing, with
the statutory Asset of Community Value process yet to conclude. The Company
will provide a further update in due course.
Further detail on the acquisition of The Linwood Collection is set out in the
Company's announcement dated 6 March 2026.
Post-Period, the conversion of 31 Below to Coppa Club, trading as Coppa Club
Marylebone, was completed.
The Group is progressing an active pipeline of opportunities across both
organic growth and targeted acquisitions. Each is assessed against a clear set
of criteria: strategic fit with the Group's existing brands, quality of site
and covenant, and the ability to deliver attractive long-term returns. The
Board's approach is deliberately selective, with discipline on price and
location remaining central to how capital is allocated.
Cost discipline and supply chain
The Group's cost base remains well protected against recent volatility in
global energy markets, with electricity hedged for five years and gas for a
further 18 months. The Group continues to monitor potential indirect impacts
on supply chains from geopolitical developments, particularly in food and
logistics. To date, no material effects have been observed, and the Group is
engaged with key suppliers.
Outlook
Against a sector backdrop that remains challenging, the Group is currently
trading in line with market expectations for the full year. The Board is
mindful of the broader consumer environment and continues to apply its
established approach to cost discipline.
Coppa Club's sustained outperformance, the integration of The Linwood
Collection, the ongoing evolution of Noci and an active pipeline of quality
opportunities together provide a strong platform for the second half and
beyond. The Group enters the important summer trading period with confidence
in its direction.
Cash at bank as at 29 March 2026 was £2.6m (H1 2025: £6.0m), reflecting the
£12.25m cash outflow associated with the acquisition of The Linwood
Collection.
Notice of Results
The Company's interim results for the 26-week period ended 29 March 2026 are
scheduled to be announced on or around 24 June 2026.
Mark Loughborough, CEO of Coppa Collective, said:
"Coppa Club has delivered like-for-like growth of 3.2% in the first half,
ahead of the wider market. This reflects the strength of the model: a clear
offer, all-day relevance and good execution in a tough environment.
"Across the Group, we have added The Linwood Collection, continued to develop
Noci and tightened operational discipline. The focus has been on building a
stronger, more consistent business.
"We see a good pipeline of opportunities and will stay disciplined on both
quality and terms as we look to grow. While there are some known headwinds in
the second half, we are well prepared for them and remain confident in the
direction of the business."
Contacts:
Coppa Collective plc Via Alma
Mark Loughborough (Chief Executive Officer)
Sharon Badelek (Chief Financial Officer)
Zeus (Sole Broker & NOMAD) +44 (0)20 3829 5000
Harry Ansell (Broking)
Antonio Bossi (NOMAD)
Darshan Patel
George Duxberry
Alma Strategic Communications +44 (0)20 3405 0205
David Ison coppa@almastrategic.com (mailto:coppa@almastrategic.com)
Rebecca Sanders-Hewett
Will Merison
About Coppa Collective plc
Coppa Collective is a premium, multi-format hospitality group operating in the
United Kingdom.
The Group operates three core brands across 24 locations:
· Coppa Club, a multi-use, all-day concept that combines restaurant, terrace,
café, lounge, bar and work spaces.
· The Linwood Collection, a group of premium pubs with rooms.
· Noci, a modern pasta-led concept which serves very high-quality dishes at
reasonable prices.
For more information visit www.coppacollective.co.uk
(https://www.coppacollective.co.uk) .
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