Oct 3, 2023
Greggs says sales up by more than fifth in latest quarter
Greggs has revealed its sales have gone up by more than a fifth in a quarter and said cost inflation had eased across the business. The bakery chain, which opened its first shop in Newcastle in 1951, said it had opened 82 net new shops in 2023. Greggs chief executive Roisin Currie told the PA news agency there was still inflation in the group's supply chain despite it easing, and it would continue to review its pricing. The bakery announced in March plans to open 150 shops and extend opening hours. It said earlier this year it was increasingly targeting busy commuter areas, with new shops opening in London's Canary Wharf station and Cardiff and Glasgow airports.
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