Jan 17, 2017
Greggs' Christmas sales give 'a strong finish' to 2016
Like-for-like sales grew 6.4% in the final three months of the year, and were up 4.2% in the year as a whole. Greggs added that rising costs this year were likely to have a "Modest impact" on profit margins. "We also continue to expect some industry-wide cost pressures in 2017 and these are likely to have a modest impact on margins in the short term." Greggs said its takeaway food range had been "The main driver of sales" during the year, including its "Balanced Choice" range, which it markets as being a healthier option. The company now has 1,764 shops, having opened 145 outlets during 2016 - including 56 franchised stores - and closed 79.
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