Greggs sales boosted by growth in evening trading
Greggs enjoyed continued strong trading in its third quarter with total sales up 20.8% compared to the same period last year.
Like-for-like sales in company-managed shops rose by 14.2% in the period as the food-to-go retailer benefited from the ongoing development of evening trading, its digital channels, and loyalty programme through the Greggs App.
In the year to date, Greggs has opened 144 new shops and closed 62 to give a total of 2,410 shops trading at the end of the quarter. These comprise 1,928 company-managed shops and 482 franchised units.
Greggs now expects 2023 to be a record year for the absolute number of shop openings as it expands into new locations and relocates shops to better premises within existing catchments.
Looking ahead to the outcome of the full year, the retailer said this is likely to be in line with expectations.
It added: “At a time when customers are looking to make their money go further Greggs continues to offer exceptional value and grow market share. We have strong product and promotional plans for the fourth quarter and the extension of our delivery service will make Greggs accessible to more customers on more occasions.”
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