The Caffè Nero Group delivered “record sales” of £626.4m in 2024 as the cafe giant has unveiled plans to open at least 75 new stores in the coming year.
For the year to 31 May 2025, the group, which operates 1,150 stores across 11 countries, delivered like-for-like sales growth of 7%, with overall sales up by 12%.
In the UK, Caffè Nero achieved like-for-like sales of 7% and grew overall sales by 10%.
During the year, the coffee giant added 94 stores to its portfolio, opening 62 new sites and adding 32 through the acquisition of the 200 Degrees and FCB brands in the UK.
“I’m hugely encouraged by the group’s performance during the last financial year,” said founder and group CEO Gerry Ford. ”Despite tough trading conditions and a challenging financial climate, we have continued to outperform the market and have grown our customer numbers.
”It’s a testament to the hard work of our store teams and the strength of our brand. I’m really proud of what all our people have delivered over the last 12 months. We enter the current financial year with strong momentum and have set ourselves up well for another successful year.”
In 2024, 200 Degrees also experienced record double-digit sales growth, as reported by The Grocer in June.
The Nottingham-based coffee roaster, which was acquired by Caffè Nero owner The Nero Group last October, recorded sales growth of 15% for the year to 31 May 2025 – reaching £20m for the first time.
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