Hot or not: Are soaring temperatures really behind Greggs’ unexpected profit warning?
In unexpected news today, high street food-to-go expert Greggs today issued an unexpected profit warning. Is the heat wave really to blame, or is there more than just weather at play?
The City was taken by surprise this morning, when the food-to-go giant blamed soaring temperatures in June for a slump in footfall, alongside stronger year-on-year comparatives and ballooning refurbishment costs.
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