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(Sharecast News) - Hospitality outfit Coppa Collective said on Monday that its Coppa Club brand had led the group's performance in the six months ended 29 March, delivering the strongest likeforlike growth across the estate and helping lift overall trading, while group LFL sales edged higher and revenues broadly flat yearonyear.
Coppa Club posted likeforlike growth of 3.2%, outperforming the wider market, with several sites achieving strong doubledigit gains. Management said the brand's flexible, allday format continued to resonate with customers and remained the focus of nearterm expansion.
At Noci, likeforlike sales were "modestly behind" the prior year amid softer conditions in the casual dining market. Coppa also noted that it has since broadened Noci's food offering across the estate, shifting the concept toward a more complete modern Italian proposition.
Group likeforlike sales rose 1.8%, with revenue of 25m compared with 24.7m a year earlier.
Coppa Collective, formerly known as Various Eateries, also noted that the half had seen the completion of its acquisition of The Linwood Collection, establishing its third operating brand. Integration was said to be progressing as planned, and discussions over the potential acquisition of The Queen's Head in Surrey remain ongoing.
The AIM-listed group stated it was continuing to advance a selective pipeline of organic and acquisition opportunities, while maintaining discipline on price and location. With energy costs hedged and no material supplychain impacts to date, it said trading remained in line with expectations.
Chief executive Mark Loughborough said: "Coppa Club has delivered like-for-like growth of 3.2% in the first half, ahead of the wider market. This reflects the strength of the model: a clear offer, all-day relevance and good execution in a tough environment.
"We see a good pipeline of opportunities and will stay disciplined on both quality and terms as we look to grow. While there are some known headwinds in the second half, we are well prepared for them and remain confident in the direction of the business."
As of 1015 BST, Coppa shares were up 1.82% at 14p.
Reporting by Iain Gilbert at Sharecast.com
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