Caffe Nero to revitalise 100 cafes in store refurbishment programme
The group reported a 19% surge in sales in the first quarter of the financial year.
Caffe Nero has scheduled a further 100 cafes to be refurbished before the financial year ends as part of its major store refurbishment programme to upgrade its estate.
The news comes as Caffe Nero reported a sales jump of 19% YoY for the group and 13.5% in the UK for the first quarter period of the financial year from 1 June to 31 August 2023.
During the same period, the group opened 18 new stores across its 10 different territories, with nine of those coming in the UK.
Caffè Nero U.K. has also reported growth with its online app, with over 32% of all UK store transactions done via its app and over two million people currently using it in the UK.
Between June and the end of August, Caffè Nero also continued the expansion of its delivery sales in the UK, with delivery sales now accounting for almost 3% of its overall sales.
“Results in our First Quarter were very encouraging across the Group and enabled our financial year to get off to a strong start. Despite problematic weather in the UK last summer, our summer iced drinks campaign there was very successful, with our ‘coffee over ice’ range performing particularly strongly at 17.4% like-for-like sales. New drinks in our Frappe Crème range (including the Tropical Fro-Yo) meant the category achieved 5.4% like-for-like sales. We also saw very strong growth in our sliced cake range, which was in 20% growth year on year. Despite continuing inflation, I’m optimistic that we can have a good Second Quarter. I know our new store openings pipeline is very strong,” Caffè Nero Founder and Group CEO, Gerry Ford said.
