Costa total sales jump 17.2%
The coffee chain also posted like for like sales growth of 5% in the 13 weeks leading up to May 28.
Chief Executive of Whitbread, Andy Harrison, said, “Whitbread has begun the new financial year well, in line with expectations, with total sales growth for the first quarter of 12.5% and good like for like sales growth of 4.3%, driven by continued momentum in Premier Inn and Costa.”
“Costa had another excellent quarter with total sales growth of 17.2% and UK Retail like for like sales growth of 5.0% driven by winning more customers with like for like transaction growth of 4.4%. Costa’s international business continues to grow rapidly with a 15.1% growth in system sales (14.1% at constant currency).”
“This year we plan to open around 5,500 new Premier Inn UK rooms*4 and around 250 net new Costa stores worldwide.”
Total system sales for the brand grew by 15.9% to £375.2 million, (15.7% at constant currency). Within this, franchise system sales grew by 13.5% to £143.6 million.
Costa plans to open around 250 net new stores and 700-800 net Costa Express machines in the full year.
