Pret A Manger has booked a goodwill impairment charge of £553m, blaming higher costs in its core UK business and a more uncertain global economy.

The sandwich and coffee chain, which has 717 stores in 21 markets but earns the bulk of its revenues in the UK, reported an operating loss of £451.5m for 2024 despite a 10% rise in global sales to £1.2bn.

It had made a £28.3m profit over the previous 12 months.

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Pret blamed the reverse on the non-cash charge.

The retailer, majority-owned by European investment group JAB Holding, had £912m of goodwill on its balance sheet, when it changed hands in 2018.

Pret said the charge reflected the "uncertain

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