Costa Coffee Market Share
Whitbread is expected to open nearly 150 new coffee shops in the UK this financial year, along with 40 Premier Inn budget hotels and a handful of restaurants in the latest phase of major expansion plans.
Whitbread, which employs 43, 000 people, revealed that its profits jumped 16.5% to £411.8million in the past year.
The surge will pile pressure on US rival Starbucks, which suffered its first drop in UK sales last year.
Accounts published last week showed turnover fell in the year to the end of September 2013 to £399m, from £413m the previous year.
The drop coincided with criticism of Starbucks for paying hardly any corporation tax.
Yet Whitbread boss Andy Harrison insisted the tax scandal hadn't delivered a big boost.
He said: “We were outperforming Starbucks in the years before they had they had their tax issues.”
Costa is the UK’s biggest coffee chain, with a 12% market share, and Whitbread has set a target of increasing its shop numbers from 1, 700 now to 2, 200 in four years.
In global sales, the firm sold 400 million cups of coffee last year, and has stores in the Middle East and China that are forecast to by jump from £1.2billion to £2bn by 2018.
Raw coffee prices have surged 60% this year because of poor harvests in Brazil.
Harrison said it wouldn’t lead to a price rise in its shops because it had bought its coffee stock needs for the year.
Premier Inn sales rose 13.9% to £967m, with the number of its rooms up 6.6% to just over 55, 000.
Turnover in its restaurants, including the Beefeater and Brewers Fayre chains, increased 3.9% to £526.1m.What does the digestive system do? How to play crazy eights?? What does nclex stand for? What is the national day today? How to do in text citations apa?? What does ineffable mean? How to update firefox? What are the exercises to lose belly fat? What is the sun? What does leptin do? What does the cytoplasm do? What does hentai mean? What percent of tips should a server pay to a bartender? What are noble gases? Who invest in tips? How to reset bios? Which of the following tips leads to effective use of a calendar and time management?? What does banded clovis meaning? Job interview tips how to make a great impression? What does cicadas mean? How to make egg nog? What does grand rising mean? What is net worth mean? What does redrum mean? Tips on how to become a better policy debater? What does sx mean? What does star crossed lovers mean? How long to cook pizza in oven? 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