Greggs Reiterates Full-Year Outlook as Sales Rise, Shares Rally

Greggs (LON: GRG) on Tuesday provided a positive update for the first 20 weeks of 2025, reaffirming its full-year outlook and sending shares higher in early London trading.

The bakery chain posted a 7.4% rise in total sales to £784 million, up from £730 million a year earlier. Meanwhile, like-for-like sales in company-managed shops rose 2.9%, supported by improved trading conditions in the last 11 weeks.

The company's shares are up more than 5% so far, trading around 2,108p a share. The move adds to the stock's recent gains with a more than 16% climb in the last month.

Greggs said it opened 66 new shops in the period, with 20 net openings, bringing its total estate to 2,638 locations. 

The company remains confident in achieving 140 to 150 net openings this year. In addition, it sees no change in cost inflation expectations, which it expects to be around 6% on an LFL basis.

“Our plans for managing the inflationary headwinds are progressing well,” the company stated.

Greggs revealed that its supply chain investments remain on schedule and within budget, with new facilities in Derby and Kettering expected to open in 2026 and 2027, respectively.

The bakery chain added that its improved LFL sales performance has been delivered “in what remains a challenging market context.” However, its full-year forecast remains on track.