Greggs Reports Strong Profits Despite Selective Price Increases

Bakery chain to open up to 160 new stores in 2024 as it navigates wage pressures and cost inflation.

Greggs posted a 16% rise in underlying pre-tax profits to £74.1 million for the first half of 2024.
Total sales increased by nearly 14% to £960.6 million during the same period.
Prices for some items, including sausage rolls and sandwiches, were raised by 5p to 10p due to wage pressures.
The company plans to open between 140 and 160 new stores this year, focusing on high-traffic locations.
Greggs continues to expand its product range, contributing to its growth in sales and market presence.