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 posts strong quarterly growth

Greggs saw its total sales rise by 14.6% year-on-year in its third quarter after it benefited from more shoppers seeking out lower priced food during the… View Article

FOOD AND DRINK NEWS UK

Greggs posts strong quarterly growth

Greggs saw its total sales rise by 14.6% year-on-year in its third quarter after it benefited from more shoppers seeking out lower priced food during the cost-of-living crisis.

On a like-for-like basis, sales were up 9.7% in company-managed shops in the 13 weeks to 1 October, although growth moderated in August due to fewer people taking staycations compared to the summer of 2021.

The company said: “Greggs continues to trade well in an environment where cost pressures are significant and our outstanding value-for-money positioning is ever-more important to consumers.”

Greggs has opened 106 new shops in the year-to-date and is expecting to have around 150 net shop openings in 2022. New shops launched in the quarter included two ‘drive thru’ sites in Amesbury and Durham and railway locations at Tottenham Hale and London’s Liverpool Street station.   

Looking ahead, Greggs said it currently anticipates that its full year results will be in line with previous expectations despite the considerable uncertainty surrounding the UK economy.

 

Subscribe For Retail News