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Cold spell warms Costa's coffers

Coffee chain Costa warmed shares in parent firm Whitbread yesterday after figures revealed another sales boost during Britain's colder-than-normal spring. Costa's like-for-like revenues rose 8% in the 13 weeks to May 30 as more customers lingered in its shops due to frozen temperatures outside. However there was no such boost for Whitbread's restaurant chains.

Coffee chain Costa warmed shares in parent firm Whitbread yesterday after figures revealed another sales boost during Britain's colder-than-normal spring. Costa's like-for-like revenues rose 8% in the 13 weeks to May 30 as more customers lingered in its shops due to frozen temperatures outside. However there was no such boost for Whitbread's restaurant chains.

Belfast Telegraph

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