Overview

• Greggs cut its full-year operating profit outlook to a figure modestly under 2024’s £195.3 million after June’s heatwave dented performance
• Total sales in the first half climbed 6.9 percent to £1.027 billion, with like-for-like sales in company-managed shops up 2.6 percent
• June 2025 was the hottest June on record in England and the second warmest in the UK, boosting cold-drink demand but slashing overall footfall for the bakery chain
• Shares slumped almost 13 percent on the profit warning, leaving them roughly 40 percent down since the start of 2025
• Greggs opened 87 new shops by the end of June and remains on track to achieve 140–150 net new store openings this year