THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Greggs makes good progress following growth in coffee, breakfast and salad items

Greggs has reported making “good progress” in the first half of its financial year with like-for-like store sales rising by 3.4%. In the six months to… View Article

FOOD AND DRINK NEWS UK

Greggs makes good progress following growth in coffee, breakfast and salad items

Greggs has reported making “good progress” in the first half of its financial year with like-for-like store sales rising by 3.4%.

In the six months to 1 July, total sales climbed by 7.3% to £453 million.

While operating profit excluding property gains and exceptional items was up 1.8% to £27.6 million, pre-tax profit including property profits and exceptional charges was £19.4 million.

The company said the like-for-like sales growth was helped by its continuing focus on coffee and breakfast items as well as its Balanced Choice range of salads and drinks.

Capital expenditure during the first half was £36.4 million as Greggs invested in its supply chain, new shops and estate refurbishment.

The company opened 61 new shops, including 24 franchised units, and closed 19 to give a total of 1,806 stores at the end of the period. This included the opening of its first ‘Drive-Thru’ shop at Irlam in Greater Manchester. It also continued to expand the estate in the south-west of England and in Northern Ireland whilst adapting its formats to suit locations such as garage forecourts.

Roger Whiteside, Greggs chief executive, said: “The business has traded in line with our plans during the first half of the year. We have made good progress with our strategic plans and remain confident of future prospects although we remain alert to short-term pressures on consumers’ disposable income. Over the year as a whole we expect to deliver results in line with our previous expectations as well as further progress against our strategic plan.”

 

Subscribe For Retail News