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      Greggs profit flakes as baker faces lukewarm start to year

      Greggs storefront with customers, highlighting challenges amid a 7.4% sales rise and economic impact on shares.

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Greggs

  • Greggs on a roll: Baker will boost its UK sites to 3,000 as later opening proves a hit with steak bake lovers

    March 7, 2023

    Steak bake favourite Greggs said it expected to become a “significantly larger” business as it announced plans to grow its presence to 3000 sites following stellar sales figures. The budget bakery chain saw total sales up 23 per cent to £1.5bn in 2022, compared to £1.2bn the previous year, as consumers craved the brand’s new [...]

  • Greggs: Baker on a sausage roll as it plots further expansion across UK

    January 5, 2023

    Greggs has said it is on track for 150 net new stores this year as its value-proposition protects it from a wider consumer down-turn. In a fourth quarter trading update, the sausage-roll seller said its sales stood at £1.5bn, as the firm bounced back after experiencing pandemic-related disruption last Christmas. Sales had surged 23 per [...]

  • Greggs opens new café in Primark’s Oxford Street store

    October 26, 2022

    Greggs has opened a new café on the top floor of Primark’s flagship Oxford Street store, following the launch of their collaboration earlier this year. The new 110-seater London café will offer a menu of all Greggs’ customer favourites following the success of the first ‘Tasty by Greggs’ eatery in Primark’s Birmingham shop in February. [...]

  • Greggs: Sausage roll sales rise as consumers look for cheaper eats

    October 4, 2022

    Greggs has reported surging sales this autumn while making no changes to its cost inflation outlook for the year.  The sausage roll specialist said on Tuesday that total sales were up 14.6 per cent for the 13 weeks to 1 October 2022, compared to the same period in 2021. Price increases of around five pence [...]

  • Flat profit for Greggs as bakery chain vows not to shrink size of sausage rolls

    August 2, 2022

    Sausage roll maker Greggs has posted flat profit after the return of pre-pandemic tax rates and heightened costs. In half-year results, the bakery chain posted pre-tax profit of £55.8m, up just slightly from the £55.5m posted in the first half of 2021. The London-listed chain said this was reflective of the re-introduction of business rates, [...]

  • Greggs’ plans to sell hot food into early hours at Leicester Sq flagship thwarted by council

    August 1, 2022

    Greggs’ plans to sell hot food into the early hours of the morning at its Leicester Square flagship site have been knocked back.  Westminster City Council blocked an application for the West End store to sell hot food – such as its chicken goujons – and hot drinks until 5am, citing concerns of the Met [...]

  • Sausage roll-ing in to town: Greggs and Primark launch new fashion range with ‘snackfest’ tour

    July 25, 2022

    Greggs and Primark are teaming up for a new clothing range, which will be launched on a ‘snackfest’ UK bus tour. The kings of sausage rolls and low cost clothes announced the new range on social media this morning. Gregs and Primark, which collaborated on a similar project earlier in the year, announced the range [...]

  • Greggs opens 49 new shops after sales of chicken goujons soar

    May 16, 2022

    Sausage roll seller Greggs has seen shares dip after admitting city sales still lag behind the rest of its sites. Although the bakery chain said it had had a “good” start to 2022 on Monday, shares were down some 2.8 per cent in the afternoon. The firm has been reshaping its portfolio of stores to [...]

  • Greggs and Primark roll out fashion range together

    February 8, 2022

    Bakery chain Greggs has announced it is collaborating with Primark to launch a limited-edition fashion collection.  A range of 11 clothing items will launch across 60 Primark stores from 19 February , with clothes branding the Greggs logo and slogans such as “It’s a pastry thing.” The two high street names will open an appointment-only [...]

  • Two CEO success stories should put nonsense comparison to bed

    January 7, 2022

    Today marks what unions and one particular think tank term ‘high pay day.’ It’s the day at which an average FTSE 100 CEO has earned the equivalent of the whole-year earnings of the so-called average worker. As ever, the comparison is facile, the implication idiotic, and it is deserving of no more than these few [...]

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