Bakery cafe Cooplands sales grew by 30%

Inflation and tight consumer spending affect profits for the next 12 months.

Bakery cafe Cooplands saw its sales reach £68m for the 12 months ended 31 March 2022, 30% higher compared to last year.

Cooplands reported a loss of £770k for the period, lower than £1.3m last year.

However, Cooplands reported a loss of £770,000 ($935,000) for the period, compared to a £1.3m ($1.6m) profit the year previously. 

In 2021, Cooplands was acquired by UK-based petrol station forecourt operator EG Group for an undisclosed sum. According to its operator, it will focus on accelerating Cooplands’ growth over the next year by propping against its petrol station forecourt network.

EG Group Managing Director Zuber Issa however, warned that rising inflation and tightened consumer spending will likely affect profit margins in the next 12 months.

Cooplands operates approximately 185 retail outlets alongside 12 café concepts and three bakery production facilities.