2016 Annual Report
EXECUTIVE CHAIRMAN’S REPORT
Cooks Global Foods has in the last financial year seen growing momentum in its business as the expansion of its Esquires Coffee house foot print and a refocusing of the global business on the core Organic & Fairtrade brand values delivers revenue growth.
In line with our strategy, we are growing the Esquires Coffee brand in existing and strategically important markets and we are growing the supply chain to service this ever increasing store footprint. Progress is in line with our strategic plan.
Total revenue in the year to 31 March 2016 rose 39% to $12.4 million from $8.9 million in the prior year. A 22% increase in Esquires Coffee store network sales to $39.1 million from $32.1 million in the prior year delivered increases in royalties, coffee, product and other retail sales and design fees.