Greggs finds the going tough
Group like-for-like sales in the second half to date (19 weeks to 28 October 2006) have increased by 0.2 per cent.
Greggs said that a slowly improving sales trend has been constrained by particularly disappointing trading in the four weeks to 7 October, as a result of the unseasonably mild and wet weather.
Group Managing Director Sir Michael Darrington said ‘Our results for the year as a whole will depend on performance in the remaining nine weeks of the second half, and particularly over the Christmas period. However, having regard to the progressively easier sales comparatives over the remainder of the year, we continue to believe that performance in the second half will be closer to that of the comparable period last year than was the case in the first half.
