Greggs has warned customers of rising prices nationwide due to increased employment costs. Higher wages are expected to support consumer spending despite lower confidence impacting sales.
Despite a 2.5% growth in fourth quarter sales, Greggs' overall sales didn't match previous growth rates. CEO Roisin Currie highlights their strategic advantage in challenging market conditions.
With annual revenue surpassing 2 billion for the first time in 2024, Greggs remains confident in its ability to mitigate cost inflation while maintaining value leadership.
Greggs has expressed optimism about long-term growth opportunities, citing their value-for-money offering and quality food as effective strategies amidst a downturn in consumer confidence.
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