Costa Posts Strong Results

The coffee chain posted operating profit of £132.5 mill, up 20.7% compared to last year.

Andy Harrison, Chief Executive of Whitbread PLC, said, “Costa, the UK’s favourite coffee shop chain, extended its outstanding track record, with total sales growth of 17.9%, driven by UK like for like sales growth of 6.0%, 219 net new stores worldwide and 777 net new Costa Express machines.”

“Trading in the new financial year has begun on plan, with good momentum for Premier Inn and Costa, and our restaurants business is trading slightly ahead of a subdued market,” he said.

Costa total sales grew by 17.9%, system sales by 16.6%, and UK like for like sales up by 6.0%.

Richard Baker, Chairman, said, “This is another strong set of results, once again demonstrating the strength of the Premier Inn and Costa brands.”