Pret achieves revenue increase

Pret A Manger has posted group revenue of £377.3m for the full year to 29 December 2011, up 15% on 2010.

According to holding company PAM Group’s accounts, filed on Companies House, like-for-like sales growth slowed from 9.8% to 6.5%, while EBITDA increased 14% to £52.4m.

Total sales growth also slowed from 17.3% in 2010, to 15.2%.

The firm said it had identified Paris as its new target market, as it continues its overseas expansion. However, it added that its strategy, going forward, included nurturing its core UK business.

The group opened 31 new shops in 2011, 22 of which were in the UK, but said that almost half its planned new shop openings will be outside the UK.

William Jackson, chairman, PAM Group, said: “In 2012 we will increase our investment in new shop construction, and plan to build more shops than we did in 2011, our previous peak.”

It plans to grow its estate in the US, in New York, Chicago and Washington, as well as opening its first shop in Boston. Three new shops are also planned for Paris and Hong Kong.

In its market review, the group said there has been growth in sandwich fillings that are healthier, which currently makes up 14% of the market.

Related stories:

>>Pret plans for expansion

Want more stories like this in your inbox?

Sign up for our FREE email newsletter

My Account

Spotlight

Most read

Social