Greggs PLC: announces preliminary results H1-2024

Newcastle upon Tyne / UK. (gs) British Greggs PLC, the leading bakery food-on-the-go retailer in the UK with 2,500 retail outlets throughout the country, announced its Interim results for the 26 weeks ended 29th June 2024. The strong performance continued in the first half of 2024 – delivering on the company’s strategic growth plan and building on last year’s record performance. Financial highlights include: Total first-half sales were up 13.8 percent, with company-managed shop like-for-like sales up by 7.4 percent. The underlying profit before tax, excluding exceptional items was up 16.3 percent to GBP 74.1 million.

(Photo: Greggs PLC 2024)

Chief Executive Roisin Currie: «Greggs has made good progress in H1-2024, further broadening our range of on-the-go food and drink whilst making the brand more accessible to more customers. We remain optimistic about the many opportunities available to Greggs and are encouraged by the continued strong execution of our strategic plan, evidenced by our success in driving volume growth whilst also building capacity for the future. Our success is founded on the exceptional value that Greggs offers to customers looking for food and drink on-the-go and the fast and friendly service delivered by our colleagues.

«Our cost outlook for 2024 remains unchanged and we continue to trade in line with our plan. Whilst uncertainties remain, the Board’s expectations for the full year outcome are unchanged. The Board remains confident in the long-term growth strategy, and we are investing to support that growth.»

For additional information please read the Company’s PDF file below (340 KB):

20240730-GREGGS-H12024.