Greggs annual profit declines in ‘tough’ food-to-go market
Greggs has reported a decline in pre-tax profit after it faced a “tough” environment for the food-to-go market.
In the year to 27 December, underlying pre-tax profit fell to £171.9 million from £189.8 million in the prior year. On a statutory basis, pre-tax profit declined by 17.9% to £167.4 million year-on-year in the period.
Subscribe to TRBMeanwhile, total sales grew by 6.8% to £2.1 billion as company-managed shop like-for-like sales increased by 2.4%. Like-for-like ‘system sales’ in franchised units were also up, rising by 4.3%.
During the year, Greggs opened 121 net new shops, including its 2,700th in November, as it looks to reach more catchments. It is currently trialling anew ‘bitesize Greggs’ format to meet customer demand in locations requiring a more compact unit.
“Roisin Curry, Greggs chief executive, said: “Greggs delivered a resilient performance in 2025, growing market share, alongside continued strategic progress.
“Looking into 2026, easing inflationary pressures should provide some support to consumer spending and demand for convenient food-on-the-go continues to underpin the market.
“We remain focused on broadening access to Greggs with a strong pipeline of shop openings, exciting launches and deeper customer engagement via the Greggs App ”
Giving an update on more recent trading, Greggs said like-for-like sales in company-managed shops increased by 1.6% year-on-year in the first nine weeks of 2026 as total sales rose by 6.3%, As a result, its full year profit guidance remains unchanged at a similar level to last year.
Currie said: “We have a clear formula for long-term success, leveraging our value leadership, vertical integration, breadth of range and strong track record of innovation.
“Together, these strengths give us a clear competitive advantage and position us well to deliver further sustainable growth.”
