Greggs’ food-to-go strategy shift sees sales and profit rise

Paul Robertson: Flickr

High Street food chain Greggs has reported a rise in both sales and profit, as its shift to becoming more of a food-to-go-focused business continues to bear fruit.

Total sales rose by 7% to £894.2m in 2016, while the business posted a pre-tax profit of £75.1m, up from £73m in 2015.

However, the company warned that the consumer outlook was looking “more challenging”, due to increased inflationary pressures and greater economic uncertainty.

Greggs chief executive Roger Whiteside, said: “The UK consumer outlook is more challenging than we have seen in recent years, with industry-wide pressures emerging in commodities, as well as labour costs.

“However we are confident of making further progress as we implement our plan to grow Greggs as a contemporary food-on-the-go brand.”


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