Greggs feels the heat as shoppers shun pastries in hot June | Greggs

England’s largest oven chain, Greggs, said last month’s heat wave, as customers come out of the idea of ​​hot dough jobs at unusual high temperatures, they damage their sales and profits.

The shares in Greggs fell almost 13% as investors reacted to the snow warning the day after the temperature reached up to 35C one day after experiencing the hottest day of the year. ​​

The group said that sales in 2.085 stores grew directly 2.6% until 28 June in six months. However, “good progress in May [was] Then slower growth… High temperatures affect consumer expenditures purchasing models ”.

Greggs said: “In June, sales increased the demand for cold drinks because very high temperatures affected England, but reduced our general feet.”

The oven chain said that the total sales in the first half increased by 6.9% annually and that it increased to £ 1 billion because it aims to open 140 to 150 new stores this year.

However, Greggs said that the influence of Heatwave to date means that the level of business profits of the full year is “modestly under the level of last year.

“Sassis rolls may not be the first thing that longed when the temperatures enter the 30s, and this was the situation for Greggs, Der he said.

“Cold drink sales in June, when the customers were pastry, the lapa furnaces were not the first choice in the menu and the uprising decreased throughout the month. This removed the brightness of a reputable 2.6% in the first half.”

In May, GregGS reported a turntable in sales after a successful expansion to iced drinks, pizza boxes and a pasta cheese that is viral on social media.

Headquartered in Newcastle Upon Tyne, the oven, then sales growth was increased by sunny weather, he said.

However, since then, England, the hottest June month – the hottest one of the UK – was notched, the Met Office 34.7C was recorded in the center of London in the center of London.

The stock price of the chain has fallen more than 38% so far this year due to wider concerns about slowing down sales growth.

This year, GregGS accused wage, tax and food cost increases by increasing the price of sausage rolls to 5P. It has been a part of an average price of 4% price increased in important products, including coffee and donuts.

After two -thirds of the workers received a wage increase in January, two -thirds of the wage invoice was not another option to transfer the increasing cost to consumers.

The GregGS 2.085 shop runs, while 564 franchise.

In the first half of this year, the company said that it opened 87 new stores while closing 56 and was “confident” to obtain 140 to 150 net new opening this year.