Costa’s coffee shops return to profit with iced drinks and matcha on the menu

Costa's coffee shops have returned to profit after a year of revamping their high street outlets and expanding their menu. This includes adding iced drinks, matcha, and fresher pastries to attract more customers. The company's operating profit is now £20m, a significant improvement from last year's losses of £13.5m. This turnaround is a positive sign for the company, which operates over 2,700 outlets in the UK and Ireland, and employs around 20,000 people.

Why it matters

Costa's coffee shops have returned to profitability due to the success of their iced drinks and matcha menu items. This could lead to increased investor confidence and a positive impact on the company's stock price.

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