Greggs Reports 10.6% Sales Increase in Q3 Amid Autumn Menu Launch
The bakery chain's new seasonal offerings and store expansions drive growth despite economic uncertainty.
- Greggs' total sales rose by 10.6% in the third quarter of 2024, with September being the strongest month.
- The introduction of autumn menu items, including a pumpkin spice doughnut and new lattes, contributed to the sales boost.
- The company opened over 150 new shops this year, with a total of nearly 2,560 stores by the end of September.
- Cost inflation is expected to be at the lower end of the 4% to 5% range due to hedged energy costs and forward buying of food.
- Greggs plans to continue its expansion, aiming to open 140 to 160 net new shops in 2024, including new drive-thru locations.