Caffè Nero sales rise 19% in Q1

Premium coffee house brand Caffè Nero has announced group sales growth of 19% and UK sales growth of 13.5% for the period between June and 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.  

The Nero Group also continued its major store refurbishment programme, with over 20 stores refurbished in Q1 in the UK. A further 100 stores are scheduled for refurbishment in the Group during the remainder of the financial year as part of the Group’s continual upgrade of its store estate.  

Caffè Nero UK has also had notable success with its mobile app. Over 32% of all UK store  transactions are via the app and over 2 million people currently use it. 

Between June and the end of August, Caffè Nero also continued expansion of its delivery sales in the  UK, with delivery sales now accounting for almost 3% of its overall sales.  

Caffè Nero founder and Group CEO, Gerry Ford, said: “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 20% growth year on year.”

Ford concluded: “Despite continuing inflation, I’m optimistic that we can have a good second quarter. I know our new store openings pipeline is very strong.”