Jun 28, 2021
Greggs reports ‘stronger’ sales recovery than anticipated
UK bakery chain Greggs said that the recovery in its sales had been stronger than expected and that there would be a "Materially positive" impact on its full-year earnings. The chain, popular for its sausage rolls, said that sales in its stores had grown in recent weeks by as much as 3 per cent from 2019 levels. "Like-for-like sales growth in company-managed shops has remained in positive territory ranging between 1 and 3 per cent when measured against the same period in 2019," Greggs said on Monday, even as the impact of pent-up demand for retail has slipped. "This level of sustained sales recovery is stronger than we had anticipated and, if it were to continue, would have a materially positive impact on the expected financial result for the year," it said. Get alerts on Greggs PLC when a new story is published.
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