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Greggs plc Highlights
- H1’23 Sales ⬆️ by 21.5% with LFL at 16%.
- # of stores at 2,378 with net additions of 50 Vs targeted of 150 p.a. It shall be noted that management projects that they will achieve the 150 due to the shop pipeline.
- Evening trade expansion standing at 8.3% of total day Vs 6.5% in PY.
- Gatwick store opening. ✅
- Greggs App usage of 10.6% of company managed shop transactions. Up from 5.2% in PY.
“__Greggs strong performance continued in the first half of 2023 as we deliver on our strategic growth plan. With consumers remaining under pressure, we continue to offer exceptional value, which is reflected in our performance and growing market share.” _ __ “In the period we continued to open further new shops, extended trading hours into the evening and saw increased participation in the Greggs App.”_
Roisin Currie, CEO
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