Belfast Telegraph

Brewing up a profit with Costa

By Graeme Evans

Premier Inn and coffee shop chain Costa has continued its "rapid growth trajectory" after owner Whitbread reported more buoyant figures.

Like-for-like sales rose by a better-than-expected 6.9% in the 13 weeks to May 29, with hotel chain Premier Inn up 9.5% as it benefits from continuing strong growth in London and signs of economic recovery in the UK regions.

Costa grew sales by 4.5% despite tougher comparisons against a year earlier, while the Brewers Fayre and Beefeater restaurants division improved by 4.4%.

Chief executive Andy Harrison said the group was well positioned for another good year as its brands continue to win market share.

Costa has 1,791 UK stores and has been the driving force behind the group's growth in recent years.

Belfast Telegraph