Caffè Nero Group today announced positive 3.0% Like for Like sales growth for the 12 months ending 31st May 2019, with Group sales increasing by 11%. The results for the year marks 86 consecutive quarters of positive like for like sales growth for Caffè Nero since the Group was founded by Gerry Ford in 1997.
Over that same financial year, Caffè Nero completed the majority purchase of Coffee#1, adding its 92 stores to its UK portfolio and entered into a new territory in Sweden. Additionally, 54 new Caffè Nero stores were opened worldwide, with 18 of those opening in the UK.
This brings the Group stores total to 1,036 across 11 territories with almost 800 stores in the UK and 30 stores now located in the USA. Caffè Nero is family owned and run and is the largest independent coffee house in Europe, and as part of the new openings and expansion programme, it has created more than 400 new jobs in the year and now employs approximately 9,000 people.
Gerry Ford, Founder and Group CEO of Caffè Nero commented on the results: “Our positive sales performance is testament to our continued belief that investing in the quality of our coffee and our people is key to our success.
“Despite a challenging environment for hospitality, we will continue to invest in delivering a premium experience for our customers and in growing our estate through creating welcoming and vibrant coffee houses which sit at the heart of the communities and neighbourhoods where they are located.”