Greggs PLC Trading Update (2356D)
June 28 2021 - 2:00AM
UK Regulatory
TIDMGRG
RNS Number : 2356D
Greggs PLC
28 June 2021
28 June 2021
GREGGS plc
TRADING UPDATE
Greggs is a leading UK food-on-the-go retailer,
with more than 2,000 retail outlets throughout the country
Continued strong recovery in performance
Greggs last reported trading performance on 10 May, at which
point we had seen a strong recovery in sales levels following the
easing of restrictions on non-essential retail across the UK. Since
then we had expected to see increased competition as cafes and
restaurants were allowed to compete more effectively with our
largely take-out offer. In recent weeks the impact of pent-up
demand for retail has reduced but, nonetheless, like-for-like sales
growth in company-managed shops has remained in positive territory
ranging between one and three per cent when measured against the
same period in 2019.
This level of sustained sales recovery is stronger than we had
anticipated and, if it were to continue, would have a materially
positive impact on the expected financial result for the year. We
will provide an updated picture when we present our interim results
on 3 August 2021.
ENQUIRIES:
Greggs plc Hudson Sandler
Roger Whiteside, Chief Executive Wendy Baker / Nick Moore
Richard Hutton, Finance Director Tel: 020 7796 4133
Tel: 0191 281 7721
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