Bakery chain, Greggs, reported an increase in sales by 20.8% in the 13 weeks leading up to 30 September this year, compared to the same period the year before. In the last 12 months, Greggs opened 144 new stores and closed 62 others. The bakery expects to open between 135 to 145 new shops across the UK throughout 2023, following its expansion plan of opening 150 shops and extending its opening hours, which the company announced in March of this year.
Despite some inflation in the company’s supply chain, Greggs said that cost inflation had eased across the business. Greggs has become increasingly popular in busy commuter areas with new shops now available in London’s Canary Wharf station, Cardiff and Glasgow airports. Additionally, the company has continued to expand its evening operation while sales after 4 pm account for around 8.8% of all its trade for the quarter.
Roisin Currie, CEO of Greggs, stated that the demand for value is still high, and the firm continues to review its pricing to offer the best value to its customers. According to Currie, customers opt for Greggs when they are considering where to get breakfast, as they offer the best value in the market.
The rising popularity of Greggs in the UK is due to its focus on value, in addition to its partnerships with Just Eat and now Uber Eats for food deliveries. The app has also helped in converting more customers, who are ordering online. The bakery now has a total of 2,410 outlets across the UK, making it one of the largest bakery chains in the country
Read the full article from The BBC here: Read More