2019 Preliminary Report
Cooks coffee operations growth sustained amid reorganisation
Summary
• Esquires store numbers increase to 117 from 93 at the same period a year ago.
• Cooks to migrate to the NZX main board on 24 June 2019
• Cooks continues to drive towards positive cashflow and earnings
• Revenue1 drops 11.8% to $5.9 million with stronger constant currency global store sales2 (up 10.9%) offset by the application of new revenue accounting standards and structural changes in franchises in the UK
• Net loss from continuing operations after tax rises to $4.7 million from $3.9 million reflecting growth investments, the costs from the proposed acquisition of Mojo and other one-off charges