Greggs’ third quarter trading on track
Bakery chain Greggs has said its third quarter trading has been in line with expectations with like-for-like sales rising by 2.8%.
In the 13 weeks to 1 October, total sales grew by 5.6% as trade was boosted by the popularity of the retailer’s summer menu including an extended range of salads and yoghurts.
Greggs also saw continued strong growth at breakfast time, helped by its coffee offer and value deals.
In the year-to-date, Greggs has completed 145 shop refurbishments and is on track to refurbish around 200 shops this year. In addition, it has opened 103 new shops, including 41 franchised units mainly in transport locations.
For the full year, Greggs expects to open 140-150 shops and close circa 70-80, to give a net increase of around 70.
The results mean that total sales have grown by 5.6% in the year-to-date with like-for-like sales up 3.4%.
