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Business · 8 hours ago

Costa makes £20m profit after revamping its menu with matcha and iced tea

Costa makes £20m profit after revamping its menu with matcha and iced tea

After losing £13.5m in 2024, the high street chain recorded a 5% jump in revenue to nearly £1.3bn last year. Boss Philippe Schaillee said the business enjoyed its best visitor growth in ten years, helped by younger people buying afternoon cold treats. The company now intends to open another 50 UK sites this year and roll out more digital ordering screens.

Reported by The Guardian · How we write briefs

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