Belfast Telegraph

Greggs' sales up 6.4%, but firm cautious for next year

By Business Reporter

Greggs reported stellar fourth-quarter trading as it prepared to add hipster favourites vanilla latte, green tea and peppermint tea to its menu.

The food chain, which is opening up to 50 stores across Northern Ireland, said like-for-like sales over the period rose 6.4% as it continued to benefit from offering a wider range of healthy eating options, such as salads and yoghurts.

During last year, like-for-like sales were up 4.2%, and the group said Christmas trading was boosted by festive bakes, mince pies and burritos.

Total sales increased by 7%, and the business now anticipates full-year results to come in slightly ahead of previous expectations.

Chief executive Roger Whiteside hailed the performance, but warned of "industry headwinds" in 2017, such as rising costs.

During a visit last month, he said there had been a "fantastic response" here.

Greggs has 11 branches across the province, including several in Belfast, and further locations in Bangor and Banbridge.

Belfast Telegraph

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