Pret A Manger's plan to more than double the size of its business is progressing well, the British coffee and sandwich chain said, after posting a 20% jump in first-half sales driven by its growing international business.
It reported first-half sales at £429.9 million (€500.9 million), compared with £357.8 million (€416.9 million) in the year-earlier period, when the pandemic was still deterring travel to Pret's mostly town centre locations.
Pret has also published its last year's annual results, which showed the company returned to a profit for the first time since 2018, reporting operating profit of £50.6 million (€59 million) for 2022.
'Despite a challenging economic backdrop, Pret remains well-positioned to continue to grow through the opening of company-operated and franchised shops,' the company said in a statement.
The company is also adding new stores in Britain, outside London, and that is driving higher weekend sales, while its subscription offer, which provides a set number of coffees for a monthly fee and discounts on food, is also boosting demand.
International sales accounted for 18.9% of first-half revenue, said Pret, which operates 446 shops in Britain and over 600 internationally.