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The Nero Group sales rise 13% to $680m in FY24

Summary by Catering Today

The Nero Group has reported that overall sales rose by 13% to $680m (£539m) in the year to 31 May 2024, having restarted its openings programme and added 61 new stores globally – 29 of which were in the UK. The Caffè Nero operator, which has a portfolio of 1,122 stores across 11 countries with more than 11,000 employees, also revealed that its EBITDA rose by 20% to $63m (£49.9m) in FY24. The group’s UK business saw its sales rise by 10% to £33…

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The Nero Group sales rise 13% to $680m in FY24

The Nero Group has reported that overall sales rose by 13% to $680m (£539m) in the year to 31 May 2024, having restarted its openings programme and added 61 new stores globally – 29 of which were in the UK. The Caffè Nero operator, which has a portfolio of 1,122 stores across 11 countries with more than 11,000 employees, also revealed that its EBITDA rose by 20% to $63m (£49.9m) in FY24. The group’s UK business saw its sales rise by 10% to £33…

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Catering Today broke the news in 3 days ago on Thursday, February 20, 2025.

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