Greggs increases full-year outlook as boss Whiteside confirms retirement
Greggs anticipates its full-year outcome will be ahead of expectations, following a strong fourth quarter, as chief executive Roger Whiteside’s replacement is confirmed.
The food-to-go specialist reported that sales for the financial year to January 1, 2022, were up 5.3% on two years ago to £1.23bn.
For the fourth quarter, Greggs reported that like-for-like sales were up 0.8% on a two-year comparison, driven by “a strong performance in October”, followed by what the retailer described as more challenging conditions towards the end of the year as “customers responded to precautionary messages” relating to the emergence of the Omicron Covid-19 variant.
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