Caffe Nero sales balloon to 107% of 2019 levels
The premium coffee brand opened 14 new stores in Q1.
Premium coffee house brand Caffè Nero announced that its sales for the first four months of its financial year (June to September 2022) grew by 107% more than pre-2019 levels.
During the same period, Caffè Nero opened 14 new stores at a group level across its various different territories. Four of those new stores have opened in the UK, including a flagship store in Stansted Airport. Located in the International Departure Lounge at Stansted, the Stansted store had the highest level of sales in its first week of any Caffè Nero store in history.
The Group is forecasting it will open a further 18 new stores in Q2, with seven of those opening in the U.K.
The Nero Group also began a major refurbishment programme which saw an initial 200 stores upgraded across the group over the past six months, 140 of which were in the UK, with a further 60 stores scheduled for refurbishment during the next 3 months.
In the UK, Caffè Nero continued to grow transactions via its mobile app with over 30% of all UK store transactions now taking place via its app and over two million people now using it in the UK. The Nero App has an important feature in that it is accepted across all major territories where Caffè Nero operates, including the UK, US, Ireland, Turkey, Poland and Sweden. One Nero App works everywhere for Caffè Nero.
Caffè Nero also continued the expansion of its Delivery sales in the UK, adding Just Eat as a delivery partner to join Uber Eats, driving growth in delivery sales during the same period by 10%.
