Greggs is concentrating on extra shops in supermarkets and airports

Greggs mentioned he would goal extra shops in supermarkets and airports as the corporate’s continued enlargement helped drive gross sales.

Heads at Newcastle’s enterprise additionally mentioned that they had benefited from its ‘worth place’ over the primary half of the 12 months amid continued demand from purchasers experiencing family monetary stress.

The excessive road bakery chain revealed that gross sales jumped 21.5% to £844m within the six months to 1 July.

This included a lift from larger buyer demand, worth will increase and new retailer openings.

Greggs mentioned it had elevated its holdings from 50 to 2,378 shops throughout the UK, after opening 94 however closing 44 over the course of half the 12 months.

The corporate has outlined its ambitions to develop its properties to “3,000+ shops” in the long run.

It plans to speed up its development plans for the rest of the 12 months and expects to have 150 internet openings via the whole thing of 2023.

CEO Roisin Currie mentioned Greggs’ development plans are “heading in the right direction” and can goal extra areas the place it feels the model is underrepresented.

“We focused journey websites and opened them in airports equivalent to Glasgow, Cardiff and Gatwick,” she advised the Palestinian Information Company.

“Clients will even see that we proceed to open extra shops inside supermarkets and we have now already opened a quantity inside Tesco and Sainsbury’s shops.

“We’ve a extremely robust pipeline of latest websites and we’ll be concentrating on extra of these areas.”

Roisin Currie, Greggs

Greggs CEO Roisin Currie mentioned the bakery chain plans to open extra shops in supermarkets and airports (Greggs/PA)

On Tuesday, Greggs additionally mentioned its gross sales during the last half 12 months have been boosted by a rise in night commerce, which has seen clients purchase extra merchandise equivalent to pizza, hen and flatbread.

It got here as the corporate reported a pre-tax revenue of £80m for the interval, up from £55.8m a 12 months earlier.

Currie added: “Griggs’ robust efficiency continued within the first half of 2023 as we implement our strategic plan for development.

“With customers nonetheless beneath strain, we proceed to ship distinctive worth, which is mirrored in our efficiency and our rising market share.”

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