Flat profit for Greggs as bakery chain vows not to shrink size of sausage rolls GREGGS 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 GREGGS 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 Low cost kings 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 [...]
New CEO for Greggs as sales slow at its 2,181 stores with inflation and supply chain issues hitting the sector hard January 6, 2022 Greggs has revealed sales continue to rise at its 2,181 stores although bosses said more recent Covid restrictions led to sales growth easing in December. The company also said rising inflation and supply chain issues facing the sector continue to hit but added it enjoyed strong sales of Christmas products, including 6.7m mince pies. Separately, [...]
Things between Zurich and Greggs heat up as insurer insists on slicing bakery’s £100m covid claim to £2.5m December 14, 2021 Zurich Insurance has retaliated in a London court against a claim by bakery chain Greggs for between £50m to £100m in payouts for Covid-19 related losses, according to reports. The insurance giant told the court that its business interruption cover went up to £2.5m for a single event, according to Legal 360, which first reported [...]
Greggs maintains positive sales trajectory despite shrinking pent-up demand June 28, 2021 Bakery chain Greggs has maintained a positive sales trajectory as restrictions ease, it said in its trading update today, with sales only slightly knocked by shrinking pent-up demand. The high street retailer last reported its trading performance on 10 May, at which point it had seen a strong recovery in sales levels following the easing [...]
Greggs predicts profit to bounce back to pre-pandemic levels as restrictions lift May 10, 2021 Bakery chain Greggs this morning said profit for the year is expected to beat expectations and return to pre-pandemic levels, as long as no further Covid restrictions are implemented. The firm said sales had recovered well in recent weeks as the “stay at home” order was eased, buoyed by a lack of competition from cafes [...]