None
TR
Greggs profits surge by 20% as grocery business grows
['Angela Beevers']
Retail Bulletin
Greggs has said it outperformed the market in the first half of its financial year, with a strong profit uplift and total sales up 7.2% to £1.1 billion.
In the 26 weeks to 27 June, like-for-like sales at company-managed shops rose by 2.1%, while franchised shop like-for-likes increased by 1.3%.
Greggs said the growth reflected a soft comparator period, together with growth in its grocery business, strong cost control, and the phasing of cost inflation.
Greggs is currently aiming to deliver £11 million worth of structural cost savings in 2026, with £7 million delivered to date.
It expects to launch around 100 to 110 net new shops in 2026, with an additional ten ‘Greggs Express’ convenience retailing trials.