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Events / Business / Greggs Reports Profit Slump, Plans Expansion
Business earnings report

Greggs Reports Profit Slump, Plans Expansion

Analysis based on 6 articles · First reported Mar 03, 2026 · Last updated Mar 03, 2026

Sentiment
-20
Attention
4
Articles
6
Market Impact
General
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Market Impact

Greggs' reported profit slump and slowdown in sales growth may lead to negative investor sentiment, despite plans for significant store expansion. However, the CEO's outlook on easing inflationary pressures could provide some optimism for future consumer spending.

Food service Retail
Event Summary

Greggs, the high street bakery chain, reported a 17.9% fall in statutory pre-tax profits to £167.4 million for the year ending December 27, 2025, attributing the decline to challenging market conditions, cautious shoppers, and a spell of hot weather. Despite this, total sales increased by 6.8% to £2.15 billion, supported by 121 net new store openings in 2025, bringing its total to 2,739 locations. CEO Roisin Currie acknowledged the tough market but expressed optimism for 2026, anticipating that easing inflationary pressures will boost consumer spending. Greggs plans to open approximately 120 new stores in 2026, aiming to exceed 3,000 UK shops in the long term. The company also noted a slowdown in like-for-like sales growth in early 2026, but overall sales were up due to store expansion and growth in delivery and evening trade.

Entities Involved
stock
Greggs
Greggs reported a 17.9% slump in pre-tax profits for the year to December 27, 2025, to £167.4 million, despite a 6.8% increase in total sales to £2.15 billion. The company plans to open 120 new stores in 2026, aiming for over 3,000 UK shops long-term.
Importance 100.0 Sentiment -20.0
per
Roisin Currie
As CEO of Greggs, Roisin Currie acknowledged the challenging market conditions but expressed optimism for 2026 due to easing inflationary pressures and continued demand for food-on-the-go.
Importance 70.0 Sentiment 0.0
priv
Shore Capital
A Shore Capital analyst, Darren Shirley, commented on Greggs' slowing trading, indicating little to be optimistic about.
Importance 10.0 Sentiment 0.0
stock
Hargreaves Lansdown
Aarin Chiekrie, an equity analyst at Hargreaves Lansdown, provided a more positive outlook on Greggs' long-term growth strategies, including store expansion and menu adaptation.
Importance 10.0 Sentiment 0.0
cnt
United Kingdom
Importance 0.0 Sentiment 0.0
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