Pret A Manger Surpasses £1 Billion in Annual Sales Amid Global Expansion

The sandwich chain's international growth drives revenue, but sales growth slows in 2024.

Pret A Manger's annual sales reached £1.1 billion ($1.32 billion) in 2023, marking a 22% increase from the previous year.
The chain opened a record 81 new shops in 2023, with significant expansion in the US, India, Greece, and Spain.
£1 in every £4 spent at Pret now comes from outside the UK, with New York being its most lucrative foreign market.
In the first half of 2024, sales growth slowed to 10%, with comparable same-store sales growth dropping to 3%.
Pret has raised £250 million in new capital to reduce debt and improve liquidity, following a boardroom shake-up and price adjustments on key menu items.