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The Independent UK

Business

Karl Matchett

UK hits ‘peak Costa’ as soaring prices see coffee chain’s losses double

Co Costa United Kingdom Costa Coffee Clive Black CocaCola The CocaCola Company

Losses at Costa Coffee have more than doubled to £13.5m for 2024 as it struggles to compete with cheaper rivals.

The new financial filings from Companies House show they are up on £5.8m operating losses of the previous year and are in contrast to the chain’s fortunes before the Covid pandemic, when Costa was frequently posting annual profits of up to £100m per year.

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