Greggs on a roll as bakery chain posts sensational profits

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After the roaring success of vegan sausage rolls, pre-tax profits for the company reached £36.7million.

Underlying profits reached £40.6m, while total sales jumped 14.7% to £546m after a huge expansion of the menu. L

ike-for-like sales in company-managed shops also rose by 10.5%, only slighter slower than the 11.1% unveiled for the first 19 weeks of the year.

Despite the boost, analysts at Peel Hunt claimed the current outstanding trading could be the point of “peak Greggs”, with the outlook less upbeat.

Chief executive Roger Whiteside welcomed the figures.

He said: “We have decided to increase investment in strategic initiatives in the second half of the year to help to deliver an even stronger customer proposition and further growth in the years ahead.”

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