Greggs sales jump as iced matcha lattes and chicken rolls become heatwave hits
Summary
Greggs, the UK bakery chain, increased its sales and profits in the first half of the year thanks to new stores and popular new products like iced matcha lattes and chicken rolls. The company opened 34 new shops, improved its menu with healthier options, and expanded its frozen product range sold in supermarkets.Key Facts
- Greggs’ total sales reached £1.1 billion from January to June, up 7.2% compared to last year.
- The chain opened 34 new stores, bringing the total to 2,773 locations in the UK.
- Sales in existing stores grew by 2.1% during the same period.
- Pre-tax profit rose nearly 20% to £76 million in the first half of the year.
- New menu items such as iced matcha lattes, a chicken roll, and salads helped attract customers.
- Greggs expanded its “bake at home” frozen products in Tesco and Iceland supermarkets.
- The company aims to keep opening stores and offering convenient ways for customers to buy their products.
- Greggs is balancing price increases and cost control to keep customers during economic challenges.
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