Rising prices take bite out of Domino’s profits but Greggs savours rise in sales of cheaper treats
2 years, 7 months ago

Rising prices take bite out of Domino’s profits but Greggs savours rise in sales of cheaper treats

The Independent  

Soaring prices and squeezed households budgets have led to a slump in half-year profits at Domino’s Pizza – but a jump in sales for value bakery chain Greggs. “But the group’s near-term prospects still look rather unappetising given the extremely unsavoury cost outlook.” Greggs’ financial results coincide with the company announcing the appointment of Matthew Davies as its incoming chairman. Domino’s expects some relief from increased prices for its franchisees but this was on a “lagged basis”, meaning that the full benefit will not be felt until the final six months of the year. Domino’s said it is boosting marketing spend “significantly” to attract more customers, having seen like-for-like sales excluding so-called split territories drop 6.4 per cent due to the increase in the VAT rate.

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History of this topic

Greggs to share £20.5 million with staff after sales spike
3 weeks, 4 days ago

Greggs to share £20.5 million with staff after sales spike

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The group made a pre-tax profit of £203.9 million …

Greggs customers to be hit by price rises after fresh warning over economy
2 months, 2 weeks ago

Greggs customers to be hit by price rises after fresh warning over economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Greggs has warned that the …

Greggs on course to double sales by 2026 as revenues soar to £1.8bn
1 year ago

Greggs on course to double sales by 2026 as revenues soar to £1.8bn

Daily Mail  

Greggs has said it is on track to double turnover under an ongoing five-year strategy after achieving its strongest-ever performance in 2023. The bakery chain, famous for its sausage rolls, reported total revenue rose by almost £300million to £1.8billion last year, with like-for-like sales in company-managed sites increasing by 13.7 per cent. Growth was driven by price hikes, volume expansion …

How Greggs is taking over the High Street: Almost £2 out of every £100 spent in the hospitality industry is being splurged on baked goods at fast food chain - with amount set to DOUBLE in next two yea
1 year, 2 months ago

How Greggs is taking over the High Street: Almost £2 out of every £100 spent in the hospitality industry is being splurged on baked goods at fast food chain - with amount set to DOUBLE in next two yea

Daily Mail  

Almost £2 out of every £100 spent in the hospitality industry is being splurged on baked goods at Greggs. Analysts Panmure Gordon said it was a 40p increase on the previous figure, and they expect it to double in the next two years as Brits continue to gorge on the bakery chain's infamous sausage rolls and steak bakes, reported City …

Greggs sales jump by £150m after late-closure boost
1 year, 7 months ago

Greggs sales jump by £150m after late-closure boost

Daily Mail  

Greggs sales grew by around £150million year-on-year in the first half as the bakery chain was handed a boost from later closing times. The group's turnover rose by 21.5 per cent to £844million for the six months ending 1 July, with underlying revenues at company-managed shops expanding by 16 per cent. A growing share of in-store trade came from customers …

Greggs to roll out 150 new stores a year and trial 24-hour drive-thru
2 years ago

Greggs to roll out 150 new stores a year and trial 24-hour drive-thru

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Roisin Currie, Greggs’ chief executive, told the PA news …

Greggs increases price of sausage roll by 5p to £1.20
2 years, 2 months ago

Greggs increases price of sausage roll by 5p to £1.20

Daily Mail  

The price of a Greggs sausage roll has increased by 5p to £1.20 – the fourth time it has gone up in a little over 12 months. The price of a Greggs sausage roll has increased by 5p to £1.20 – the fourth time it has gone up in the past year The rising cost of a Greggs sausage roll …

Greggs ups its prices for third time this year
2 years, 5 months ago

Greggs ups its prices for third time this year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Greggs has raised prices on …

Greggs sees sales jump as consumers seek value meals during ‘worrying’ times
2 years, 5 months ago

Greggs sees sales jump as consumers seek value meals during ‘worrying’ times

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Greggs has revealed that sales …

Greggs’ sales surge in cost of living crisis as consumers opt for cheap eats
2 years, 5 months ago

Greggs’ sales surge in cost of living crisis as consumers opt for cheap eats

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales at Greggs have surged in the past few months …

Greggs sales jump 15% over three months
2 years, 5 months ago

Greggs sales jump 15% over three months

Daily Mail  

Greggs has revealed that sales jumped by 15 per cent over the past three months as cash-conscious consumers seek cheaper meals during 'worrying' times. Greggs has revealed that sales jumped by 15 per cent over the past three months as cash-conscious consumers seek good value during 'worrying' times However, faced with higher costs, Greggs has pushed through another round of …

Greggs sausage roll and steak bake prices set to soar as costs rise, chain warns
2 years, 7 months ago

Greggs sausage roll and steak bake prices set to soar as costs rise, chain warns

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bakery chain Greggs has warned customers it may have to …

Greggs customers could face more price increases as it warns costs could increase by 9%
2 years, 7 months ago

Greggs customers could face more price increases as it warns costs could increase by 9%

Daily Mail  

Greggs customers have been warned that they face more price increases of pasties and sausage rolls as inflation could hit 9% as it is hit with higher prices of food, packing and energy. In May, the company - which has more than 2,200 shops in the UK - said customers would see 5p or 10p increases on some items as …

Greggs warns on inflation but says sales bounced on return to the office
2 years, 10 months ago

Greggs warns on inflation but says sales bounced on return to the office

Daily Mail  

Greggs has warned of rising cost pressures, but left its full-year outlook unchanged as sales of chicken goujons and potato wedges helped boost trade. Cost pressures: Greggs has seen a surge in the cost of raw materials, energy and staff Like-for-like sales growth in the most recent 10 weeks to 14 May, when pandemic lockdowns in 2021 were easing, had …

Greggs sausage roll and pasty prices set to soar as chain hit by increasing costs
3 years ago

Greggs sausage roll and pasty prices set to soar as chain hit by increasing costs

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Greggs, the bakery and fast food chain, has warned that …

MARKET REPORT: Greggs on a roll as profits return to pre-virus levels
3 years, 10 months ago

MARKET REPORT: Greggs on a roll as profits return to pre-virus levels

Daily Mail  

Investors snapped up Greggs shares after the budget baker said profits were set to return to pre-pandemic levels. Greggs shares soared 10.5 per cent, or 246p, to 2591p – sending the group to the top of the FTSE 250 leaderboard Profits this year will be similar to its performance in 2019 – when it made £114million. Stock Watch - Hurricane …

Greggs’ vegan sausage roll drives bumper 58% rise in profits
5 years, 7 months ago

Greggs’ vegan sausage roll drives bumper 58% rise in profits

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Greggs has reported bumper profits …

Investment Column: Britvic may go flat as the economy slows
14 years, 3 months ago

Investment Column: Britvic may go flat as the economy slows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Our view: Hold Share price: …

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