Cooks Coffee Company Trading Update
AGM Trading Update
Cooks Coffee Esquires branded UK and Irish FY24 store sales up 23.1%
Cooks Coffee Company (NZX:CCC; AQUIS:COOK), the international coffee focused café chain,
is pleased to provide a trading update covering the Company’s Esquires branded franchised
coffee focused stores in the UK & Ireland for the 22 weeks of its financial year to 1st
September 2024.
Highlights
- Group store sales up 23.1% at NZ$28.5m
- UK store sales up 32.4% at NZ$19.7m and Ireland store sales up 6.4% at NZ$8.8m
- 83 Group sites in the UK and Ireland as at 1st September 2024, up from 75 as at 1
April 2024
- Strong pipeline of new stores with more than 10 further outlets expected to open
before the end of the financial year
During the period, the Company added nine new stores in the UK and Ireland and closed
one. The Company is benefitting from positive operating cash flow reaffirming its positive
trajectory and underscores its continued progress.
Aiden Keegan, CEO of Cooks Coffee Company, said: “We are delighted with the sales
growth within our current coffee store locations and with the performance of the new
stores.
10
th
September 2024
Cooks Coffee Company Limited
("Cooks Coffee", the "Company" or the “Group”
“FY25 to date has witnessed the Company setting new records and this success reflects
the dedication of our extended team of shareholders, directors, franchisees, regional
developers, and Company staff and most importantly the support from our valued
customers. We remain committed to delivering great in-store experiences and setting new
benchmarks in the months ahead through our dedicated team of local franchise store
owners. We look forward to updating the market further in due course.”
AGM presentation and Notice of Results
A copy of the AGM presentation can be found on the Company’s website:
https://cookscoffeecompany.com/investor-relations. The unaudited interim results for the
first six month period to 30 September 2024 will be announced by 30 November 2024.
Enquiries:
Cooks Coffee Company Limited
Keith Jackson
(Executive Chairman)
+64 21 702 509 (New Zealand)
keith.jackson@cookscoffeecompany.com
Angela Griffen
+64 275 780 889
angela@angelagriffen.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- NZK — New Zealand King Salmon Investments Limited: NZK 1HY25 Half Year Results2024-09-23
““I express gratitude for the efforts of all our team members who are committed to help our company create a healthier world. I thank our customers and distribution partners for their continued support – together we create memorable culinary experi…”
- TWL — TradeWindow Holdings Limited: Narrowing Guidance Range Upwards to $7.5M to $8.3M2024-10-21
“PRODUCT - KEY MARKET PLAYER ADOPTION We have achieved a significant milestone in the development and adoption of Cube, our cornerstone digital trade platform. COFCO Joycome, part of Chinese conglomerate, COFCO Corporation and one of the world’s largest agri-business groups, which…”
- MFB — My Food Bag Group Limited: Annual Meeting Presentation2024-08-15
“On the next slide we show how investments in supply chain have improved growth and created capacity for efficiency. With the implementation of our new picking technology at our Christchurch and Auckland assembly sites, we have been able to scale our recipe choice offering to cu…”