Greggs like-for-like sales rise for 17th consecutive quarter
Source - SMW
Greggs finished 2017 by delivering its 17th consecutive quarter of like-for-like sales growth.
Total sales for 2017 grew by 7.4% and company-managed shop like-for-like sales grew by 3.7%.
In the fourth quarter company-managed like-for-like sales grew by 3.0%, reflecting the particularly favourable trading pattern in the final quarter of 2016.
Greggs said its classic favourites continued to perform well and customers enjoyed seasonal products such as its Festive Bake and fresh-baked mince pies.
Hot options such as hot sandwiches and our gluten-free 'Balanced Choice' soup also proved popular.
Greggs has further extended its popular hot drinks range to include a caramel latte and has introduced a new focaccia-style pizza.
Chief executive Roger Whiteside said: 'We finished 2017 well, delivering our 17thconsecutive quarter of like-for-like sales growth, and anticipate that we will report full year results for 2017 in line with our previous expectations.
'In the year ahead, we will continue to focus on delivering the outstanding value and taste that Greggs is famous for.
'2018 will be a record year for investment in our supply chain and we intend to increase the rate of new shop openings as we continue to grow Greggs as a leading food-on-the-go brand.'