Mar 8, 2022
Greggs warns of further price increases
Higher prices for food, energy and staff, plus tax changes, mean its own costs will rise by between 6% and 7% it said. The chain, known for its sausage rolls and steak bakes, put prices up at the start of the year, and it expects "Further changes" to be necessary. Greggs said the price of raw materials had gone up while energy prices are soaring. Despite the warning on price increases, Greggs chief executive Roger Whiteside said the company would weigh up price changes before bringing them in. "We've got no plans to raise prices currently, but obviously that's going to have to remain under review given the way the markets are moving around the world on commodity food prices in particular," he said.
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