Greggs celebrates record sales

Greggs posted a 15 per cent rise in pre-tax profits to 82.6m in 2018
Greggs posted a 15 per cent rise in pre-tax profits to 82.6m in 2018
0
Have your say

​Sales at Greggs have topped £1​bn for the first time and could go higher following the launch of its controversial vegan sausage roll.

The bakery chain posted a 15​ per cent​ rise in pre-tax profits to £82.6​m in 2018, with sales rising 7.2​ per cent​ to just over £1​bn.
Company-managed shop like-for-like sales ​rose 2.9​ per cent​ in the period.
Greggs said that while the first half of 2018 was impacted by extreme weather, it was able to bounce back and perform ahead of expectations.
For 2019, Greggs hailed the "enthusiastic reception" and "extraordinary" level of social and general media coverage surrounding its vegan sausage roll, which has helped spur a spike in footfall.
Chief executive Roger Whiteside paid homage to the impact of the roll alongside the firm's full-year results.
"Whilst there are significant uncertainties in the months ahead, Greggs has started 2019 in great form, helped in part by the publicity surrounding the launch of our vegan-friendly sausage roll.
"We hope to continue benefiting from this strong momentum during the first half of 2019 before facing stronger comparatives later in the year.
"We have a strong financial position which we plan to use to invest in Greggs' potential for further growth, whilst also delivering good returns for shareholders."
January's news that Greggs was to sell a vegan-friendly sausage roll drew a flurry of responses online, including comments from Good Morning Britain TV host Piers Morgan and comedian Ricky Gervais.
Greggs sells 1.5 million sausage rolls a week but created the new option due to public demand after an online petition by Peta, calling for a vegan version, was signed by more than 20,000 people last year.
Its popularity has already led to Greggs lifting its 2019 profit outlook.
Greggs was also helped by the growth of healthier options, hot drinks, breakfast and hot food and said that it has had a "very strong" start to 2019.