Greggs sales slow again after 'challenging' weather in January

(Sharecast News) - Sales at Greggs slowed again at the start of the new financial year, with the bakery chain citing "challenging" weather conditions in January as it confirmed 2024 revenue passed £2bn for the first time.



Like-for-like sales in company-managed shops increased by 1.7% year-on-year in the first nine weeks of 2025. Challenging weather conditions in January were followed by improved trading in February, Greggs said on Tuesday.

The company on Tuesday said total sales were up 11.3% in the 12 months to December 28, with LFL sales in company-managed shops up 5.5% year-on-year. Pre-tax profit came in at £204m, an increase of 8.3%.

Greggs in January reported a slowdown in sales growth to 2.5% for the fourth quarter as weaker consumer confidence dented footfall on the high street, sparking a slump in the company's share price.

Reporting by Frank Prenesti for Sharecast.com