GENERAL MERCHANDISE NEWS
Caffe Nero brews up strong performance.
1 June, 2006 | by Retail Bulletin
The Company has now had 36 consecutive quarters of positive like for like sales growth.
Caffe Nero has delivered another steady performance, with 4.5% like for like sales growth in H2 2006 (at the top end of its 2-4% target). This means that Results for the year ended 31 May 2006 remain in line with expectations.
The new store opening programme has continued on track, with the Company trading 262 stores at the year end, exceeding its target of 260 stores.