Breakfast sales help lift Greggs

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  • xman
    Admin
    • Sep 2006
    • 24007

    Breakfast sales help lift Greggs

    </span> Greggs said it expected consumer spending to remain constrained going forward
    The popularity of its breakfast range has helped Greggs report a small rise in sales, despite "an increasingly challenging trading environment".

    The UK's largest baker said like-for-like sales - which pulls out new store openings - in its third quarter ending 2 October increased by 0.2%.

    Greggs said its bacon roll was now its best-selling sandwich.

    It is also now expanding the number of breakfast products it sells, adding croissants and pains au chocolat.

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    Greggs chief executive Ken McMeikan said: "As we expected, the trading environment has been tough and is likely to remain so, with consumer spending continuing to be constrained and inflationary pressures building for next year.

    "We anticipate that like-for-like sales in the final quarter will be broadly flat and therefore marginally positive over the year as a whole."

    He added that the company was keeping a "very tight focus" on costs.

    This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.


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