Bakery chain Greggs has issued a profits warning, blaming poor summer weather and rising costs - which it decided not to pass on to customers.
The firm said like-for-like sales grew by 4.7 per cent during the 19 weeks to May 10, compared with a rise of 6.2 per cent during the first 10 weeks.
The company said it would open 10 new shops this year, up to 12 next year and would target new locations such as Manchester Airport and out of town retail parks. North west managing director Ian Pe...
Despite the improvement in 2007 results, the sandwich and pasty retailer said it was still facing `substantial pressure' from the cost of energy and key ingredients, including flour, vegetable oils...
The UK's largest bakery chain, Greggs, has said it will "work hard" to maintain profits this year because of higher energy and ingredients costs.
A NEW bakery for Greggs is to be built in Openshaw in a £16m deal announced by regeneration company New East Manchester which will also bring over 400 new family homes in Clayton.
The UK's largest bakery chain, Greggs, said that tough trading conditions on the High Street had hit 2006 profits.
CHANGES in the weather have put a dampener on half-yearly results for Britain's biggest high-street baker.
BAKERY chain Greggs served up a surprise acceleration in Christmas sales as shoppers showed an appetite for its pies, sandwiches and pastries.
This was slightly ahead of expectations, while total sales have grown by 9.8 per cent, it announced in a trading update today.