Sweetening the deal: Greggs’ profits rise as bakery chain hails record breaking year March 7, 2019 Greggs’ baked goods weren’t the only thing rising in 2018, as revenues broke the £1bn mark for the first time ever in a record-breaking year for the pastry-making giant. The firm, which recently drew headlines for the launch a vegan version of its flagship sausage roll, said it had recovered from a “very challenging first [...]
On a roll: Vegan sausage roll sales help Greggs seek higher profits February 19, 2019 Greggs has hailed its vegan sausage roll for driving “exception sales performance” at the start of 2019 as it told investors that full-year profit is likely to beat expectations. Read more: Cherry on the cake: Greggs shares climb as baker lifts profit outlook The bakery chain began the year with total sales up 14.1 per [...]
Cherry on the cake: Greggs shares rise as baker lifts profit outlook for third time in a year January 9, 2019 Greggs is on a roll, seeing off problems in the food sector which have hit competitors to up its profit guidance for the third time in less than a year today. The chain said it now expects 2018 profits before tax of £88m, up from predictions of £86m in November. The Newcastle-founded baker is celebrating its [...]
Yet more sugar-taxes will leave consumers with a bitter taste January 7, 2019 It's been claimed that Brexit has taken up so much political energy that the government has lost its focus on other areas of policy. But fear not – the slack is being taken up by an army of bureaucrats and campaigners who seek to exert ever more control over our lives. With relentless energy the [...]
Do not succumb to the ‘Fat Cat Friday’ outrage January 3, 2019 As if Greggs’ vegan sausage rolls hadn’t prompted enough misplaced shock and outrage for the start of a new year, you can expect more of the same this morning when campaigners declare it to be “Fat Cat Friday”. The High Pay Centre, which opposes current levels of executive remuneration, calculates that by this afternoon a [...]
Sausage roll-out: Greggs launches vegan version of pastry treat January 2, 2019 Pastry-loving vegans have cause for celebration tomorrow as Greggs the bakers rolls out a plant-based version of its most iconic snack. Vegan sausage rolls will be on sale in 950 Greggs shops from tomorrow in time for the Veganuary campaign which encourages people to cut out animal products in January. The rolls have 96 layers [...]
Star baker: Greggs shares soar as sales grow ahead of expectations November 27, 2018 Shares in Greggs soared more than 15 per cent this morning on the news that total sales had grown nine per cent since the beginning of October. The high street bakery chain expects full-year profit before tax to be at least £86m, it announced today in a trading update. Like-for-like sales in company-managed stores were up [...]
Trust me, we’ve been thinking about market power and competition all wrong November 13, 2018 Economists, politicians, and commentators on both sides of the Atlantic are growing more concerned with the supposed “monopolisation” of the economy. In a 2017 report, the Social Market Foundation found that eight of 10 key British markets, including in phones, gas and groceries, were highly dominated by small numbers of companies. Its director, James Kirkup, [...]
Baking: Greggs blames sweltering summer for dip in sales growth October 9, 2018 Sales at on-the-go food retailer Greggs crumbled under the sweltering heat of 2018's long hot summer, but a trading update today showed top brass remain unfazed, with its share price up five per cent. The figures In the three months to 29 September 2018, total sales at Greggs rose 7.3 per cent, compared with 8.6 per cent in [...]
Greggs share price soars as profits leap and dividend rises July 29, 2015 Greggs' share price jumped nearly six per cent this morning after its first half results showed the business is on a (sausage) roll. The figures The retailer had a strong first half, with sales up 6.4 per cent to £398m and pre-tax profits leaping 51 per cent to £25.6m. The baked goods business is [...]