The Nero Group has announced strong sales of $800 million for the financial year ending 31 May 2025 (FY25).
Operating 1154 stores across 11 countries with more than 11,000 employees, the company reported in FY25 it had like-for-like (LFL) sales growth of 7%, with overall sales up 13% last year.
During that period at group level, sales increased to $800m, a rise of 13%, with Group EBITDA of $80m, a rise of 20%. In FY25, the Group also continued its openings programme and added 94 new stores across the world, 60 of which were in the UK.
The Caffè Nero UK business increased sales from £333m (FY24) to £366m (FY25), a rise of 10%, with UK EBITDA at £45.2m, an increase of 17%.
During the same financial year (FY25), the Coffee at Home business (packaged coffee) had sales of £8.8m, including in-store sales of its Coffee at Home products of £1.1m. In addition to in-store sales success, the Coffee at Home business saw the continued strengthening of partnerships with major supermarket and retail partners (sales through Amazon grew by 30%), and the expansion of the brand’s Waitrose partnership.
UK business also saw a 17% year-on-year increase in iced drinks sales, which resulted from the expansion of the ‘Coffee over Ice’ menu range and launch of its Matcha range, which sold over 650,000 units. The UK business also benefitted from a strong promotional calendar, including the autumn Amaretto Latte, the high-performing Christmas menu and the introduction of the Honey Oat Latte.
Founder and Group 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.”
