Greggs, the UK baking group, today announced a respectable seventeenth consecutive quarter of growth in the fourth quarter.
Total sales were up 7.4% and like-for-like sales were up 3.4%.
The company said higher sales were helped by strong demand for their seasonal products and additions to their drink menu.
The firm traditionally know for pasties and sausage rolls, also said more balanced, healthier options had been received well.
Making the Balanced Choice… #staystrong pic.twitter.com/HMH6tIv0Cd
— Greggs (@GreggsOfficial) 15 January 2018
Revenue growth was also enjoyed through 90 net new store openings; 131 were opened while 41 were closed. The increase brings Greggs’ total stores to 1854 with an estimated 110-130 net additions in the coming year.
CEO Roger Whiteside commented:
“We finished 2017 well, delivering our seventeenth consecutive quarter of like-for-like sales growth, and anticipate that we will report full year results for 2017 in line with our previous expectations.
“In the year ahead, we will continue to focus on delivering the outstanding value and taste that Greggs is famous for. 2018 will be a record year for investment in our supply chain and we intend to increase the rate of new shop openings as we continue to grow Greggs as a leading food-on-the-go brand.”
