Jan 17, 2017
Greggs upgrades profit forecast but warns on costs
Bakery chain Greggs has upgraded its full-year profit forecast for 2016 as it reported total sales growth of 7 per cent, buoyed by its food-on-the-go strategy and its embrace of health eating alongside sausage rolls. For Greggs, pre-Christmas strength was a continuation of previous sales growth, he said; 2016 was the company's third successive year of record sales. "The Greggs brand attracts everybody," said Mr Whiteside. Investec upgraded its 2016 full-year pre-tax profit forecast by 2 per cent to £80m on estimated sales of £894.3m, but left its 2017 forecasts unchanged. In 2015, Greggs made £73m pretax profit on £835.7m sales.
Related companies
Make a complaint about Greggs by viewing their customer service contacts.
