Pret a Manger makes first significant profit since 2000

18 July 2005
Pret a Manger makes first significant profit since 2000

Gourmet sandwich company Pret a Manger has reported its first return to substantial profit in four years.

In 2004, the company made £7.8m in operating profit, before goodwill and amortisation, an increase of £7.3m from the previous year and the first significant profit since 2000. Turnover also rose 15% to £152.5m.

The UK, USA and Hong Kong markets all saw sales growth of over 10% and increases in operating margins.

Net borrowings for 2004 were £16.9m, £9m less than the previous year.

Pret has opened six new sites in the UK and one in Hong Kong already this year and has 148 shops in total.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking