Greggs (GRG) Trading update summary

Trading performance

• Total sales rose 7.5% to £800 million in the first 19 weeks of 2026, with like-for-like sales up 2.5% year-to-date and 3.3% in the most recent 10 weeks.

• Partnerships with franchisees and grocery retailers contributed to overall sales growth.

• Profit progress has been encouraging, supported by operational cost control and a weak comparator period.

Menu development and innovation

• New product launches, including the Chicken Roll and Tandoori Chicken Pizza Slice, have driven customer engagement.

• Expanded salad and drinks ranges, with Matcha drinks attracting younger customers.

• Focus remains on menu relevance, innovation, and maintaining quality.

Shop estate and supply chain development

• 41 new shops opened (17 with franchise partners), 21 closures, resulting in 2,759 shops trading.

• Targeting around 120 net shop openings for the full year.

• First international airport shop to open at Tenerife South Airport.

• New Derby manufacturing and Kettering distribution facilities progressing on schedule.