Like-for-like sales grew 2.8% and adjusted EBITDA rose 36% to £98m, up from £72m in 2023.
In 2024, Pret reached 717 shops globally representing 11% net shop growth.
The results come as the sandwich specialist announces a new medium-term strategy to accelerate growth in the UK and key international markets.
This includes a ‘doubling down’ on delivering great value to grow transactions and increase food-to-go market share, including plans to test meal deal formats in the last quarter of this year.
Encouraged by the success of its premium Super Plates range - which launched in July - Pret says that food and coffee innovation will be a key focus for 2025 and beyond.
“2024 was another year of growth for Pret, where we took disciplined decisions to protect sales, despite intense strains on the hospitality industry,” says CEO Pano Christou.
“Our priority will be to drive transactions and sustainable growth by offering great value for money for Pret customers. Our focus will be on growing Pret’s market share in the UK and internationally, prioritising city centres and travel hubs, backed by the experience and expertise of additional world-class board members and a strengthened management team.
“I would like to take a moment to thank our Team Members for their continued commitment and energy as we write the coming next chapters of the Pret story.”
Pret says that the repositioning of its Club Pret coffee subscription - which offers customers 50% off up to five barista-prepared drinks each day for £5 a month - has continued to attract Pret’s most loyal coffee customers, while also enabling the business to absorb around £25m of inflation in labour, food, and operational costs.