Skip navigation

Gloucestershire Business News

Greggs in line to return to pre-pandemic sales

Bakery chain Greggs is on course to return to normal profits this year.

Greggs revealed like-for-like sales in the eight weeks to May 8 were just 3.9 per cent lower than in the same period in 2019.

The sausage roll maker said profits could soon return to pre-pandemic levels as sales have risen strongly since the reopening of essential retailers last month.

In 2020, Greggs sank to its first loss in 37 years due to the pandemic. However, the fast food chain said sales growth since 12 April had been 'positive', partly reflecting the return of shoppers to the High Street.

The drop in sales of 3.9 per cent in the most recent eight-week period to May 8 was a big improvement from a 23.3 per cent fall in the 10 weeks to March 13.

Greggs said it had experienced a 'strong recovery' in sales in recent weeks following the temporary closure of shops last year.

It said that an increase in out-of-home activity, and a lack of competition from indoor dining operators helped boost its sales in recent weeks.

Greggs was the top riser in early trading on the FTSE 350 this morning with shares up nearly 10%.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Monday, June 21 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Monday, June 21

The ongoing coronavirus situation is changing by the hour with announcements being made about businesses and services that are being forced to adapt and change.

Rugby legend Phil Vickery plans restaurant expansion Image

Rugby legend Phil Vickery plans restaurant expansion

England and Gloucester Rugby legend Phil Vickery is looking to expand his restaurant in Cheltenham.

All change at Lydney Harbour Industrial Estate Image

All change at Lydney Harbour Industrial Estate

Following the recent purchase of Lydney Harbour Industrial Estate by Mercia Estate, a new team have been brought in to help attract new tenants to the site.

Sewer project worth £8.5 million gets underway in the Cotswolds Image

Sewer project worth £8.5 million gets underway in the Cotswolds

Construction of a major new sewer pipeline has begun in Gloucestershire.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.