Caffè Nero has published its UK results for the first half of its current financial year, revealing a bumper £150m, beating pre-pandemic levels.
Sales for the period from June to November 2022 averaged 104% of pre-pandemic levels and increased by 17% compared to the same period in 2021.
The company also reported that sales during the key Christmas trading month of December 2022 reached 110% of pre-pandemic levels, a 9.5% like-for-like increase compared to December 2021.
Founder and Group CEO, Gerry Ford stated, “We’ve seen a very encouraging first half of our financial year. Despite significant inflationary pressures which have continued to mount since June, we have demonstrated strong cost control and delivered solid sales growth.
'We traded at 110% of pre-pandemic sales in December and had record weekly sales. That is a testament to the hard work and outstanding service from our store teams as well as a very well received Christmas menu with our customers. We expect to see sales continue to improve further over the coming weeks and months.”
