High street baker Greggs has posted a £3.6M boost in its operating profit for the year ending 30 December 2017, as it continues to invest in consolidating its manufacturing operations and expanding its logistics capacity.
High street baker Greggs reported a 10% rise in profits to £80.3M in its full-year financial update, driven by consumers’ growing demand for food-on-the-go, alongside plans to restructure its manufacturing operations.
High street baker Greggs reported its 13th consecutive quarter of like-for-like sales growth after a strong festive period, as full-year sales increased by 7% in its latest trading update.
High-street baker Greggs has opened a new 4,645m2 distribution centre in Enfield, which it said would improve efficiency and increase delivery capacity.
Chancellor George Osborne has heeded the advice of high street baker Greggs and others and scrapped plans to charge VAT on some hot pasties, pies and sausage rolls.
