Cooks Coffee Company (CCC) announced its FY23 results on 20 June. Revenues of NZ$6.6m (£3.4m) were down 10%, which reflects the Group’s revenue recognition polies and timing of store openings, as well as the challenging consumer backdrop. The delay in store openings meant that capital related non-recurring revenues declined 30% to NZ$2.9m (£1.4m). Positively, however, franchised store sales are up 24%, alongside 15% growth in recurring revenues. Despite the decrease in revenue, the group deliver ....
