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Pret A Manger will test a meal‑deal format in the final three months of this year as it seeks to boost its lunchtime trade and offer better value for customers. The sandwich and coffee chain said trials will start next week and will include deals such as a croissant with a drink, and a sandwich, drink and crisps, with prices tested to gauge consumer response. The move follows long‑running meal deals offered by major supermarkets, including Tesco, which recently hiked its deal price by 25p amid food‑price pressures.
Pret’s annual accounts show a pre‑tax loss of £525.2 million for the year to 2 January, after £552.9 million of write‑downs tied to a reassessment of the business by owner JAB. This compares with a £61.7 million loss in the previous year. The figures show earnings before adjustments up 36% to £98 million, while total revenue fell 4.2% to £868.4 million. Like‑for‑like sales rose by 2.8% as Pret expanded internationally, with the store estate growing 11% to 717 outlets.
Chief executive Pano Christou said Pret’s aim is to drive transactions and sustainable growth by offering value for money. He said the group expects to expand from about 500 UK sites to between 1,000 and 1,500, with further growth planned in city centres, travel hubs and roadside locations as it widens in the United Kingdom and the United States, including New York.
Written by: TKONews
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We are TKO Radio Spain, your number one English language radio station on the Costa Blanca.
You can tune in on your radio on 91.9fm across the Costa Blanca, serving the whole area around Torrevieja, Quesada, La Marina, Guardamar and the Orihuela Costa. We also broadcast on 106.5fm to the Costa Calida.
You can also listen online right here with our online radio player, on your mobile, and even on your smart device, such as Alexa. You can find all the information about how to listen to TKO Radio Spain on our Listen Live page.
TKO Radio is one of the longest established English radio stations in Spain, broadcasting on both FM and online, we offer a mix of music from across the decades, with the occasional new tune, whilst providing news and information from across the Costa Blanca & Costa Calida