High street bakery Greggs has delivered its 17th quarter of consecutive like-for-like (LFL) sales growth in its fourth-quarter trading update, as it plans “record investment” in its supply chain in 2018.
High street baker Greggs has reported an increase in total sales of 7.5% in the first 19 weeks of the year, and confirmed the completion of staff talks to ‘cut hundreds of jobs’.
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.
Greggs could cut 100 jobs in Scotland, the Union of Shop, Distributive and Allied Workers (Usdaw) has claimed, after the high street baker confirmed a nationwide restructuring plan earlier this week, which unions claimed could threaten up to 120 jobs...
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.
“Newcastle should be toasting, or is that sausage rolling Greggs today, after another impressive update,” is how city analyst Shore Capital summed up the high street baker’s half-year results.
High street baker Greggs has posted own-shop like-for-like sales up by 5.9% in the first four months of the year, in “a strong” set of results, according to the analyst N+1 Singer.
High-street baker Greggs predicted full-year profits will be ahead of analysts’ expectations, after posting own shop like-for-like (LFL) sales up by 5.2% for the 24 weeks to December 13.
High-street baker Greggs has wowed City analysts after it reported own shop, like-for-like sales up by 5.4% for the 11 weeks to September 13, compared with a 1% fall for the same period last year.
Greggs boss Roger Whiteside received praise from City analyst Shore Capital, after the high street baker reported total sales up by 3.1% to £373M in first half results to June 28.
Greggs’s strategy is paying off, according to Sahill Shan, analyst at N+1 Singer, as the food-to-go chain disclosed strong half-year (H1) figures, ahead of interim results next month.
Greggs is showing encouraging signs of transforming its fortunes by “resurrecting like-for-like sales”, said City analyst N+1 Singer, after the high street baker released preliminary results for the 52 weeks to December 28 2013.
Bakery retailer Greggs has provoked cautious optimism from analysts over its latest quarterly trading update, with signs of a recovery in like-for-like sales.
Greggs has shelved plans to build a £30M frozen food factory, which had previously been hailed as key to expanding its business with supermarkets, as it targets a food to go strategy.
Britain’s largest high street baker has revealed mixed results for the 14 weeks to October 6 and revealed plans to build a new savoury plant in the south of England.
The British Army has given the nation’s biggest high street baker its marching orders by enlisting Greggs in a trial to supply baked savouries to Germany.
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.
High street baker Greggs has hit out over the government’s decision to impose a tax on all warm foods after Chancellor George Osborne’s budget announcement led to £30M being wiped off the firm’s value.
Retail baker Greggs plans to introduce WiFi at all its 1,571 shops around the UK after signing a deal with wireless broadband access provider The Cloud.
Baker Greggs says it is monitoring the London riots to co-ordinate activity across its retail and supply chain and minimise the risk to consumers and staff from angry mobs.
Greggs has confirmed its new bakery in Balliol Park in Newcastle will open in the second half of 2011, where it forms part of a £60m capital expenditure plan this year.
