Sales at Pret A Manger’s London airport stores are now more than 40% higher than they were before the pandemic, according to the Bloomberg Pret Index
Bloomberg's Pret Index indicates that the coffee and food-to-go chain is experiencing its strongest ever sales at its London airport locations despite summer flight disruption | Photo credit: Heathrow Airport
Pret A Manger stores at London’s Heathrow, Gatwick, City and Luton terminals are trading 40% higher than they were before the pandemic, according to Bloomberg’s latest Pret Index.
Despite recent flight disruption in the UK, which has seen thousands of summer flights cancelled due to staff shortages, the Index indicates that the coffee and food-to-go chain is experiencing its strongest ever sales at its London airport locations.
The data follows strong airport sales for the food-to-go and coffee chain in June, when Bloomberg reported Pret’s airport sales had doubled. In an interview with Bloomberg last month, Pret A Manger CEO Pano Christou said that the chain’s performance in airports had been the most positive surprise to date since the UK’s relaxation of Covid-19 restrictions.
The latest data also shows that trading is exceeding pre-pandemic levels in Pret’s suburban London stores and train station locations, at 25% and 8% higher respectively.
Reporting its results for the first six months of 2022 in July 2022, Pret A Manger said it had returned to profitability and achieved revenues of £357.8m ($433.8m) for the period, a 230% increase compared to the first six months in 2021.