Sunday 14 July 2024
  • La Cimbali

Costa boosts Whitbread profits and revenue

Costa Coffee owner Whitbread has announced that underlying annual pre-tax profits rose 11.9% to £546.3 million, driven by strong growth at the coffee chain and its Premier Inn hotels business. The company’s CEO Alison Brittain rejected speculations the company could sell off Costa Coffee. UK’s biggest coffee chain aims to reach £2.5bn in coffee sales by the end of the decade

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LONDON, UK – Whitbread, the owner of Costa Coffee and Premier Inn, reported a strong increase in revenue and profits in full year results.

In the 53 weeks leading to 3 March, the company saw underlying profit, before tax climb up 11.9%, year-on-year, to £546.3 million (US$794.1 million), while its total profit for the year was up 5.8% from the previous year at £387.3 million.

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