Greggs holds guidance as sales pick up
UK bakery chain held annual guidance after reporting a 2.9% rise in like-for-like sales in the first 20 weeks of the year, with an improved performance in the last 11 weeks supported by better trading conditions.
Total sales in the period to May 17 were up 7.4% at £784m. Greggs also left its cost inflation outlook unchanged.
The company, famous for its vegan sausage rolls, said pizza boxes continue to see strong demand and hot food options, such as southern fried chicken goujons and had been further complemented by the newly-launched mac and cheese "which went viral on TikTok".
"After an initial trial last year, our made-to-order range, including chicken burgers, wraps and fish finger sandwiches is now available in over 300 shops nationwide and is proving popular with customers looking for a more substantial and personalised meal.
Reporting by Frank Prenesti for Sharecast.com
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