Jun 28, 2021

Greggs' sales recovery stronger than expected

Greggs says its sales have been stronger than anticipated in the weeks since lockdown measures were eased. The bakery chain saw a "Strong recovery" during May after non-essential shops reopened, and although pent-up demand has tailed off, sales remain ahead of pre-pandemic levels. Car dealership Lookers also reported strong trading for the year so far. Mark Raban, chief executive officer at Lookers, said the company's performance in the first six months of the year had been "Exceptionally strong". Earlier this year, Greggs had reported its first full-year loss for 36 years after its sales fell by a third during 2020 amid coronavirus restrictions.

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