Greggs tastes sales success
‘Pleasing’ sales for bakery chain
Bakery group Greggs has seen like-for-like sales increase as customers enjoyed its mix of bakery lines and takeaway food across the autumn and winter.
Group managing director Sir Michael Darrington said: “We have achieved a pleasing sales performance in our second half, which comprised the 29 weeks to January 1. Group like-for-like sales for the period as a whole have risen by 6 per cent.
“Performance in the final 11 weeks following the issue of our October trading update was ahead of our budget, showing a like-for-like increase of 5.7 per cent.”
Underlying like-for-like sales growth during the five weeks to January 8 was in line with the overall second half trend after adjusting for the different holiday closures, said the company.
During the year, Greggs has opened 56 new shops and closed 24, including 10 resites, taking the total estate to 1,263.
Sir Michael said: “In view of the good sales performance, I am confident that we will report a year of satisfactory progress.”
