LEGAL | Staff Reporter, UK

Pret A Manger reports 13.2% revenue growth for YE 2017

Like-for-like sales also went up to 3.2%.

Pret A Manger has announced their financial results for the year ending December 2017 with its revenue having a 13.2% growth.

During the period, they have launched 58 new outlets whereas 31 are in the UK, 16 in the US, 6 in Hong Kong, 4 in France and 1 in Singapore. They have also reached their 500th milestone.

“This is another satisfactory set of results for Pret, and our 34th consecutive quarter of like-for-like sales growth. The brand continues to thrive around the world, thanks to its simple recipe of freshly prepared food, served by genuinely engaged teams,” Clive Schlee, chief executive of Pret A Manger, said.

“We’re looking forward to working closely with JAB, who we believe will be excellent long-term owners of Pret. I would also like to thank Bridgepoint for its committed stewardship over the last 10 years.”

The news comes as the European Commission approved the JAB takeover of Pret.

(Photo credit: Pret A Manger Facebook)

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