Greggs sales surge 7.4% to £784m
It stated that shop closures were first-half weighted in 2025, and with a “strong pipeline” it remains confident in achieving 140 to 150 net openings for the full year
Greggs has reported a 7.4% increase in total sales to £784m (2024: £730m) for the 20 weeks of 2025, driven by store expansion and product innovation.
Its like-for-like (LFL) sales in company-managed shops also grew by 2.9%, with improved performance in the last 11 weeks supported by better trading conditions.
According to Greggs, product innovation “is playing its part” as its over-ice drinks range is “performing well”.
Its pizza boxes also continue to see “strong demand” and hot food options, such as its Southern Fried Chicken Goujons and Southern Fried Potato Wedges, have been further complemented by its newly launched Mac and Cheese.
Additionally, during the period, Greggs opened 66 new shops, which included 15 with its franchise partners and four new drive-thrus, including our first in Northern Ireland, at Craigavon.
In the year to date, the group closed 46 shops (including 21 relocations), giving a total of 2,638 shops trading as at 17 May (comprising 2,077 company-managed shops and 561 franchised units).
It stated that shop closures were first-half weighted in 2025, and with a “strong pipeline” it remains confident in achieving 140 to 150 net openings for the full year.
The construction of its new frozen product manufacturing and logistics facility in Derby and its National Distribution Centre in Kettering also continues at pace. The sites are expected to be operational in 2026 and 2027 respectively.
Looking ahead Greggs said: “The improved LFL sales performance has been delivered in what remains a challenging market context, and during a period that compares with our strongest performance in 2024.
“Our investment programme is on track and there has been no change to the outlook for cost inflation, which we expect to be around 6% on a LFL basis. Our plans for managing the inflationary headwinds are progressing well and, whilst early in the financial year, the board’s expectations for the full year outcome remain unchanged.”
