Caffè Nero profits and sales surge in ‘very encouraging’ year

Caffè Nero owner the Nero Group EBITDA rose by a fifth to $80m (£59m) in the year to May 31 2025, bolstered by a 13% rise in group sales to $800m (£590m).

The group’s UK subsidiary posted a 10% rise in sales during the period to £366m driven by seasonal ranges and a 17% jump in iced drink sales due to strong demand for iced coffee and matcha, while EBITDA climbed 17% to £45.2m.

The Nero Group, which employs 11,000 colleagues and operates 1,154 stores in 11 countries, acquired Midlands coffee chain 200 Degrees during the financial year for an undisclosed sum.

Nero Group founder and CEO Gerry Ford said: “FY25 was a very positive and encouraging performance by the group.

“Even though we faced tough trading conditions across all our territories and ongoing challenges with inflation and government-imposed costs in the UK, we continued to build sales momentum. We delivered a particularly strong Q4 performance in FY25 which gave us real momentum heading into the current financial year, FY26.”

In like-for-like terms UK like-for-like sales have risen 5% in the first seven months of its current financial year, while group sales are up 5% and 9% in like-for-like and overall terms respectively.

The group appointed former Hotel Chocolat boss Lysa Hardy as its UK chief executive last month.