Bakery Chain Expands Store Footprint and Digital Offerings
- Greggs surpasses £2bn sales mark in record-breaking year
- Like-for-like sales up 5.5% in company-managed shops
- Evening trade accounts for 9% of total sales, up from 8.5% in 2023
- Delivery sales grow 30.9% year-on-year
- 1,556 stores offer delivery service
- Greggs targets 140-150 net new openings in 2025, aiming for 3,000 UK shops long term
- Investments in supply chain and logistics capacity
- CEO Roisin Currie praises employees’ efforts
Greggs, the popular bakery chain, has reported record-breaking results for the year ending December 28, 2024, with annual sales surpassing £2bn for the first time. The company’s like-for-like sales in company-managed shops increased by 5.5%, and its evening trade now accounts for 9% of total sales, up from 8.5% in 2023. Delivery sales grew 30.9% year-on-year, with 1,556 stores offering the service. Greggs opened a record 226 new shops in 2024 and plans to open 140-150 net new shops in 2025, targeting a total of 3,000 UK shops long term. The company also invested in its supply chain and logistics capacity during the year. CEO Roisin Currie praised employees’ efforts and expressed confidence in continued growth opportunities.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Greggs’ record-breaking results for 2024, including sales figures, growth in various segments, store expansion plans, and investments in supply chain. It also includes a quote from the CEO. However, there is some speculation about WHSmith’s future on the high street which may not be directly related to Greggs’ performance.
Noise Level: 3
Noise Justification: The article provides relevant information about Greggs’ record-breaking results and expansion plans, but it also includes a brief mention of WHSmith at the end which may not be directly related to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses Greggs’ record-breaking financial results, including sales and profit growth, store expansion plans, and investment in supply chain. While it does not directly impact financial markets or specific companies, it is relevant to the financial performance of a company within the food industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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