Whittard of Chelsea, the renowned British tea, coffee and hot chocolate company, released their 2024 financial results, showing robust growth both domestically and internationally.
The company delivered their fourth consecutive year of financial growth, with a net revenue of £49.8m, an increase of 9.1% on the previous year.
Sales in the UK reached £42m, increasing 6.5% year on year, with oversees revenue increasing by 26%, demonstrating its global brand appeal with notable growth in the US and Asia.
2024 also marks the year Whittard released ‘Whittard Rewards,’ a loyalty program which exceeded expectations in customer sign-ups and repeat rates.
Whittard of Chelsea chief executive Nathan Smith said: “A key success factor over the last few years has been our relentless focus on being a customer-led brand in everything we do.”
“Our growth was driven by continued investment in our retail footprint, with the opening of our brand new concept store on Oxford Street, followed by further roll out in key locations including: Gatwick North, Oxford Queen Street, Nottingham Victoria Centre and Sheffield Meadowhall.”
Whittard operates in over 40 countries, featuring in retailers and department stores across Asia, Europe, USA and the Middle East.
Nathan Smith added: “We are well set up for H2 and we remain optimistic that we can continue to drive global brand growth.”
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