Britain’s Greggs shows resilience with quarterly sales rise
© Reuters. FILE PHOTO: A Christmas themed window display is pictured at a branch of Greggs bakery chain in London, Britain, November 18, 2021. REUTERS/May James
LONDON (Reuters) – British baker and fast food chain Greggs said on Tuesday it traded well in its latest quarter, showing its resilience against the backdrop of a worsening cost of living squeeze.
Greggs, known for its sausage rolls, steak bakes, vegan snacks and sweet treats, said like-for-like sales rose 9.7% year-on-year over the 13 weeks to Oct. 1. It said the full-year outcome was expected to be in line with previous expectations.