Greggs reports growth
Greggs, a leading provider of meat products including sausage rolls and pastries in the retail market, has released its fourth quarter trading update, which reveals that total sales for 2015 were up 5.2%.
As expected by the company, like-for-like sales growth slowed to 2.3% in the fourth quarter of 2015 as a result of stronger comparatives and the impact of weaker footfall in some shopping locations.
Chief executive, Roger Whiteside, said: “2015 saw us deliver another excellent year of progress as we continue to transform Greggs in a modern, well-invested food-on-the-go retailer.
“We anticipate that we will report full year results for 2015 in line with our previous expectations. In the year ahead we will continue with the implementation of our strategic plan to enable the business to compete more effectively in the food-on-the-go market.”
During the year Greggs opened 122 new shops and closed 74.