Greggs plc (GB:GRG) has released an update.
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Greggs plc has reported a robust start to 2024 with a 7.4% increase in like-for-like sales, the opening of 64 new shops, and sustained growth across various product ranges including a new over-ice drinks line. The company remains on track to achieve its goal of 140-160 net new shop openings for the year, while also investing in supply chain improvements to boost capacity. Despite a challenging market, Greggs is optimistic about its full-year financial outlook, with cost inflation expectations maintained at 4-5% and the launch of two new sites planned for late 2026/early 2027 to support further growth.
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