Pret A Manger sales reaches £429.9m in H1
The growth was boosted mostly by digital transactions.
Pret A Manger reported a half-year sales growth of 20.2% to £429.9m in the first half of 2023 (H1) compared to the same period last year.
Pret attributed most of its growth to the launch of Club Pret. Digital transactions accounted for 42% of transactions during H1 2023, up from 40% as of December 2022 and 35% in 2021, whilst the Pret App has been downloaded over 650,000 times in the UK and has been rolled out in three markets. May and June also saw record sales for Pret.
The results come as Pret files its 2022 accounts to Companies House. The group returned to profitability in 2022, reporting an annual operating profit of £50.6m, its first shift to profitability since 2018 (£19.6m).
According to Pret, the latest results reflect the success of its transformation strategy, with the ambition of bringing Pret to more people – both in the UK and around the world.
“Pret is tracking ahead of its mid-term growth target announced in September 2021 to double the size of its business within five years. It has entered seven new international markets since 2021, surpassing its target of five new entries by end-2023, with international sales now accounting for 18.9% of revenue,” the report said.
Pret operates 446 shops in the UK and over 600 shops internationally.
