Caffè Nero Group reports record sales for FY2024 of US$690m

The group operates 1,072 coffee outlets in 10 countries.

The Caffè Nero Group has announced that it achieved record sales of $690m for the financial year ending 30 May 2024.

The group delivered like-for-like sales growth of 8.4%, with overall sales up by 10%, and opened 63 new stores during the full financial year.

“I’m hugely encouraged by The Group’s performance during the last financial year. We have returned to pre-Covid levels plus a bit more. Our fourth quarter this past spring was especially strong across all territories. We are gaining market share and have a lot of momentum entering the new financial year, with June continuing our strong performance,”  Founder and Group CEO, Gerry Ford said.