Greggs PLC: Announces 2022 Preliminary Results

Newcastle upon Tyne / UK. (gs) British Greggs PLC, the leading bakery food-on-the-go retailer in the UK with currently 2,328 retail outlets throughout the country, is pleased to announce its preliminary results for the 52 weeks ended 31 December 2022. Total sales increased 23 percent on 2021 level to GBP 1,513 million (2021: GBP 1,230 million). Like-for-like sales in company-managed shops grew 17.8 percent year-on-year. Pre-tax profit increased 1.9 percent to GBP 148.3 million (2021: GBP 145.6 million).

Chief Executive Roisin Currie: «2022 has been a year of strong progress for Greggs, the result of committed efforts to deliver our strategic growth plan. The significant opportunities on which the plan is based will remain centre stage in the year ahead as we make Greggs more accessible to even more customers. Although consumer incomes remain under pressure, Greggs continues to offer exceptional value to people looking for great tasting, high-quality food and drink on-the-go. We have an exciting, ambitious plan for the years ahead and, by continuing to nurture what makes Greggs special, I believe we are extremely well-placed to realise the opportunity to become a significantly larger, multi-channel business.»

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