Greggs Warns of Tough Conditions for Shoppers Despite Easing Inflation
Greggs warned that conditions remain challenging for shoppers following a slump in profits, though easing inflationary pressures are expected to boost consumer spending.
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‘Peak Greggs’? Bakery chain’s profits slump and sales slow
Retailer known for its sausage rolls and steak bakes says it has been resilient in a challenging market Business live – latest updates Greggs has reported a slump in profits as it bemoaned “challenging” market conditions hitting consumer confidence and disposable income, amid pressure to prove the UK has not hit “peak Greggs”. The high street bakery chain, known for its sausage rolls and steak bakes, said statutory pre-tax profits fell by 17.9% to £167.4m for the year to 27 December, compar...
By Guardian staff and agencies
Read full article →Greggs warns conditions ‘still tough’ for shoppers after slump in profits
Boss Roisin Currie said that ‘easing inflationary pressures’ should boost consumer spending this year.
By Henry Saker-Clark
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