Greggs is the largest bakery chain in the UK, famed for its sausage rolls. Greggs has more than 2,500 locations across the UK and employs around 32,000 staff. The company also sells bakes, melts and pasties through the supermarket chain Iceland. Retail Week provides news, analysis, features and opinion about Greggs and the grocery sector.
Greggs has seen a slip in profit in its full year as the food-to-go retailer battled with a challenging market and low consumer sentiment.
While supermarkets sold millions of confectionery tubs and mince pies at Christmas, growth trajectories may be permanently changing as new behaviour takes hold observes Shore Capital’s Clive Black
Greggs reported its fourth quarter and full year results for the 52 weeks to December 27 this morning, with year-on-year sales growing 6.8% to £2.2bn.
Greggs has outperformed the market against a backdrop of subdued consumer confidence in the food-to-go market as full year sales rise.
Greggs has named former Tesco finance director Richard Smothers as an independent non-executive director, effective February 1.
Advertisement
