Feb 28, 2017
Greggs sales up as it warns on inflation
Total sales rose by 7% to £894.2m last year, while pre-tax profits hit £75.1m, up from £73m in 2015. Greggs is shifting from being a bakery business to focusing on food-to-go. In 2013, Greggs announced a five-year strategic plan to shift from being a traditional bakery to focusing on the £6bn food-to go market. Like-for-like sales - which strip out the impact of store openings and closures - in outlets managed by the company rose by 4.2%. Demand for its Balanced Choice range of healthier options with fewer than 400 calories had been growing, said Greggs. Company-managed shop sales were up by 2% in the eight weeks to 25 February.
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