Greggs sales soar as baker's expansion plans roll on with target of 3,500 stores
Greggs enjoyed a 'good start to the year' after a jump in sales, as the baker continues its expansion of its store footprint across the country. The FTSE 250 group, famous for its sausage rolls, reported a 7.4 per cent rise in like-for-like sales for the first 19 weeks of 2024. The bakery chain, famous for its sausage rolls, reported a 7.4 per cent rise in like-for-like sales for the first 19 weeks of 2024 In a statement, Greggs said: 'We have made a good start to the year with continued like-for-like growth in a challenging market, reflecting the strength of our strategic plan.' Last month, Greggs 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 across existing outlets and a record 220 shop openings, including new sites in hubs like Canary Wharf, Gatwick Airport and London Waterloo Station.
Greggs returns to sales growth after strong Christmas- but plans to cut 410 jobs
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