Pret A Manger turnover hits £710m in 2018

Sandwich shop chain Pret A Manger saw turnover increase to £710m for its UK business in 2018.

The group said its UK business has a “good performance” despite the “challenging market of political uncertainty”, and significant increases in business rates. 

However, according to reports filed with Companies House the sandwich retailer saw a decrease in pre-tax profit from £64.9m to £48.8m for the year ended 3 January 2019. 

Following its acquisition of Eat in July, Pret confirmed the plan is to convert around 94 Eat shops to ‘Veggie Prets’.

Additionally, chief executive Clive Schlee stepped down last month after 15 years at the business, with chief operating officer Pano Christou being promoted to CEO.

Christou said: “2018 was a significant year for Pret; we welcomed JAB, our new long-term owners and said farewell and thanks to Bridgepoint for their stewardship over the last decade. This is another set of satisfactory results for Pret during this period.”