Greggs profits surge by 20% as grocery business grows
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%. The food-to-go retailer said it continued to grow share and overall volumes in a challenging market.
Subscribe to TRBOperating profit rose by 22.9% to £86.5 million, while pre-tax profit climbed by 19.7% to £76 million. 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.
During the period, the retailer opened a net 34 stores, taking its total to 2,773 shops at 27 June. It expects to launch around 100 to 110 net new shops in 2026, with an additional ten ‘Greggs Express’ convenience retailing trials.
Greggs said its expectations for the full year remain unchanged.
Roisin Currie, Greggs chief executive, said: “Greggs continued to outperform the market and has delivered an improved sales performance and strong cost control through the first half of 2026, resulting in profitable growth.
“We remain focused on opening shops in more catchments and introducing convenient ways for customers to pick up Greggs favourites, while broadening and innovating our menu in line with changing tastes and trends.
“We are making great progress in building the supply chain infrastructure that will support the significant growth opportunities that lie ahead.”
