Caffè Nero group has reported like-for-like growth of 2.5% for the year to 31 May, with group sales up 10%.
The results for the year marks 82 consecutive quarters of positive like for like sales growth and EBITDA growth for the group.
Over the same time period, Caffè Nero opened an additional 75 stores worldwide, with 35 new stores openings in the UK. That brings the group stores total to 885, with over 690 stores in the UK and over 24 stores now located in the USA.
Group chief executive Gerry Ford said: “Our positive sales performance supports our belief and investment in quality coffee, supporting and growing our people and providing exceptional customer service. We have also continued to reinvest heavily in growing our estate and in maintaining a warm, welcoming and vibrant coffee shop environment. Despite a challenging climate for hospitality, we will continue to grow the business in the right locations and invest where we can continue to make a real difference for our customers.”
