The sandwich and coffee chain suffered operating losses of £225.9m last year, but returned to profit in March.
The coffee and sandwich business is a superficially simple way to commence an entrepreneurial career.
The sandwich and coffee chain suffered operating losses of £225.9m last year, according to its latest accounts filed with Companies House, thanks to a 17 per cent rise in revenues to reach £461.6m last yearPret’s bosses said the chain’s recovery has “continued and accelerated” in 2022, with half-year revenues more than doubling on the year, growing 230 per cent to £357.8m, helping it to return to profitability in March and becoming cash flow positive since May.
That international growth is taking the form of recently revealed tie-ups in Canada, Ireland, Spain and Portugal as part of a goal to double the size of Pret’s business within five years and expand into five new markets by the end of 2023.
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