Greggs to open more stores following profitable 2017

Greggs plans to grow its food-on-the-go brand

"The high street chain has made a series of savvy decisions in the a year ago or so, including the introduction of drive-thru stores and delivery, as well as a healthy food range, and it's clearly paying off, with the brand aiming for a McDonald's style eat here any-time of the day approach rather than its previous lunch-focus", said Connor Campbell, financial analyst at Spreadex.

The bakery firm opened 131 new shops previous year and closed 41, with 1,854 stores open across the country.

During the year, the business took its estate to 1,854 shops with the opening of 131 new shops, 45 of which were franchised units, and the closure of 41.

It also aims to continue with refurbishments, revamping around 100 shops over 2018.

Greggs said the sales were driven by its "classic favourites" such as sausage rolls, as well as a demand for its festive bakes and mince pies. The retailer has dubbed 2018 as a "record year for investment in our supply chain" and most of the manufacturing platforms will be installed, to provide capacity for further growth.

The Newcastle-based group said like-for-like sales rose 3.7 per cent a year ago, but growth slowed to three per cent in the final three months as it came up against tough comparisons from a strong performance the previous Christmas.

Shares in Greggs were up 2.2% at 1,333.00 pence on Tuesday.

Mr Whiteside said that the chain finished 2017 "well" and expects to report full year results in line with previous expectations.

It said that hot options, such as hot sandwiches and its gluten-free "balanced choice" soup also proved popular, while it launched new drinks including a caramel latte and has plans in the new year to launch, a new focaccia-style pizza.

But he cautioned that cost pressures will continue over 2018, albeit at a slower rate than in 2017.

"In the year ahead, we will continue to focus on delivering the outstanding value and taste that Greggs is famous for", added Whiteside.

Related News:

  • Nigeria summons representative of United States  ambassador over Trump comments

    Nigeria summons representative of United States ambassador over Trump comments

    Norway's population is nearly entirely White while the countries and continent Trump chose to deride are mostly Black and Brown. Trump's remarks come after he sparked global outrage for his comments about Haiti, and El Salvador, and African countries.
    Keeping Up With The Kardashians Season 14, Episode 14 Recap

    Keeping Up With The Kardashians Season 14, Episode 14 Recap

    However, many viewers were NOT happy that Kylie didn't mention anything about her own rumoured pregnancy during the scene. Kris's ear surgery appeared to go well and the show moved on to other hot topics - such as Khloe's pregnancy .
    Two people killed, three trapped in horrific multi-vehicle crash near Dubbo

    Two people killed, three trapped in horrific multi-vehicle crash near Dubbo

    Two people are dead and three more are trapped after a truck smashed into a queue of vehicles in Central West New South Wales. Police remain on scene following a fatal multi-vehicle crash near Dubbo today, NSW Police say.
  • Father deported to Mexico after 30 years in US

    Father deported to Mexico after 30 years in US

    Garcia is too old to qualify for DACA, which allows the children of undocumented immigrants to legally work and study in the U.S. A MI family was torn apart after a man was deported to Mexico on Monday after living in MI for the past 30 years.
    Reliance plans Rs 5000 crore investment in West Bengal

    Reliance plans Rs 5000 crore investment in West Bengal

    Bengal has a strategic location, which offers a lot of potential to the industries. As Ambani ji said, Bengal is no. 1 state in terms of ease of doing business.

    Fortune Brands Home & Security, Inc. (FBHS) EPS Estimated At $0.80

    The firm has a market capitalization of $10,670.00, a price-to-earnings ratio of 23.90, a PEG ratio of 2.01 and a beta of 1.41. Aegis Capital initiated Facebook, Inc. (NASDAQ:TSLA) earned "Buy" rating by Dougherty & Company on Friday, August 7.
  • Trump Slams Author of Book on White House, Calls Him 'Mentally Deranged'

    Trump Slams Author of Book on White House, Calls Him 'Mentally Deranged'

    Early on Wolff draws a parallel between the Mel Brooks film the Producers and the Trump election campaign. Twitter just hadn't been invented in 1992, so Clinton's outbursts were confined to his inner circle.

    Short Interest in Cheniere Energy Partners LP (CQP) Increases By 1.4%

    This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. The Minnesota-based Us Financial Bank De has invested 0% in Cheniere Energy Partners LP Holdings, LLC (NYSEAMERICAN:CQH).

    Kohli fights to keep India alive in 2nd test in South Africa

    Life is only going to get tougher in the middle as the pitch is showing signs of mischief. "But we don't take any notice". It was the India captain's fourth Test century in his last seven Test innings.
  • Elwell: Another eclipse is on the way, featuring a 'blood moon'

    Elwell: Another eclipse is on the way, featuring a 'blood moon'

    This will be the second full moon of the month, also called the " Blue Moon " and the first eclipse in the new year. According to NASA this takes place because the indirect sunlight reaches the moon during the total lunar eclipse .
    Citi profit tops estimates, books $22 billion tax charge

    Citi profit tops estimates, books $22 billion tax charge

    Last month Barclays said it would take a £1bn charge to profit after tax for the year, while Shell put the damage at up to £1.8bn. The firm returned $6.3 billion in capital to shareholders during the fourth quarter and $17.1 billion in all of 2017.
    Kubica gets reserve role as Williams hire Sirotkin

    Kubica gets reserve role as Williams hire Sirotkin

    He and Sirotkin both tested with Williams after last year's season-ending Abu Dhabi Grand Prix. Sirotkin replaces Brazilian veteran Felipe Massa, who retired at the end of past year .

Most liked

Timothee Chalamet to Donate Salary from Woody Allen Movie
In the wake of the #TimesUp movement, a number of actors have been questioned about their decision to work with Allen. She told Billboard: "To be honest, I'm not sure how to answer - not because I'm trying to back away from it".

'Whole nation is grieving Zainab's murder': SC summons all investigation teams
Two days back, LHC gave a 36-hour ultimatum to Punjab IG to arrest the suspect in the case who is still at large. He said that if such incidents were taken seriously before, things would have been different.

Australian Open: Rafael Nadal, Nick Kyrgios advance to second round
After six, seven matches, you start feeling like a different player, that you can't miss anymore. "I think it's the players". The way things are shaping there could be yet more glory for him, with his main threats on the comeback trail.

Jeep Cherokee shows toned down face and turbo four-cylinder in Detroit
Five new wheel options are now in the Cherokee portfolio, including 19-inch premium polished-aluminum wheels on Overland models. The result is bi-LED headlamps that are not almost as squinty as previous years, and in general, a much more traditional face.

Turkey to not allow arming of PKK/PYD: Army chief
The PKK/PYD is the Syrian offshoot of the PKK, which is listed as a terrorist organization by Turkey , the US and EU. About half would be SDF veterans, and another 15,000 would be new recruits.

Record Plc (REC) Insider Purchases £223.44 in Stock
Analysts await athenahealth, Inc. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Peel Hunt now has a GBX 500.00 target price on the 7.57B GBP market cap company or 13.60% upside potential.

Here's the Latest on Trump's DACA Legal Battle
Without the President's buy-in, the work of the group can't reach the Senate floor, Republican leadership said. The government could still prevent DACA recipients from returning to the United States after travel overseas .

Danish inventor Peter Madsen charged with journalist's murder - prosecutors
He generated attention in 2008 with the launch of Nautilus , which was billed as the world's largest privately built submarine. Danish inventor Peter Madsen has reportedly been charged with murdering Swedish journalist Kim Wall .

Chelsea interested in signing Alexis Sanchez from Arsenal in January
It means the Chile global forward could be in contention to make his United debut at Burnley on Saturday. My approach to players is that every player has a price. "We will defend our position game by game".

Black hole munched galactic leftovers, spewed stars, burped
Dr Comerford said that the black hole was going through a cycle of feasting, belching and napping, before starting again. The team said the cloud of ejected gas had already spread 30,000 light years from the black hole.

Essex Property Trust, Inc. (ESS) Upgraded at Zacks Investment Research
It increased, as 21 investors sold ESS shares while 118 reduced holdings. 109 funds opened positions while 414 raised stakes. Point72 Asset Mngmt Limited Partnership holds 0.09% of its portfolio in Incyte Corporation (NASDAQ:INCY) for 164,600 shares.

Alexa v. Google Assistant makes consumers the big winners
It is essentially a smaller Echo Show that is created to sit beside your bed. "Anywhere you could put a dot [Amazon Echo Dot]". Apple's speaker will have a higher price tag than the Amazon Echo range, which begins at $49 (£49) for the Echo Dot.

Alibaba AI machines beat humans at reading test
Squad is regarded as the most comprehensive and authoritative machine-reading gauge. Microsoft's artificial intelligence also beat humans, scoring 82.65 on the exam.

Odds on Anthony Joshua next fight
Parker added he has a lot of respect for Fury - still seeing him as the champion to this day, as he never lost his belts. Both Joshua and Parker are bidding to become the first undisputed heavyweight champion since Lennox Lewis.

Japan city uses loudspeakers to recall potentially deadly fugu fish
Pufferfish such as fugu are considered winter delicacies and often served by restaurants as sashimi or in a hotpot. Every year in Japan people end up in hospital after eating pufferfish, sometimes they die.