UK has not hit ‘peak Greggs’, says CEO, as sales slow in heatwave | Greggs

The boss of the England’s largest bakery chain rejected that the UK reached the “zirve Gregs, after he declared a decrease in earnings for losing his appetite to cooked goods such as sausage rolls and pastries during the last hot air spell.

GregGS running 2,649 shops across the UK for the first time in the first six months of the year, the sales opened more than 1 billion £ notch, but their profits fell to higher costs than 2024, lower uprising and more weather deterioration.

The company fell by 14.3% from 26 weeks to 28 June and reported a profit before the tax. At the beginning of this month, consumers warned that their profit would be lower after cooking flakes in favor of cold drinks in hot weather.

Roisin Currie, General Manager of the company, said, “I certainly do not believe that we have reached Peak Gregs,” he said.

“In our history, we saw the regression and we have come back again. The work is basically strong.”

He said that England still has not been able to reach a Greggs, and that the chain has been sufficiently represented in retail parks, supermarkets and roadside and transportation places.

The company plans to open approximately 150 stores a year and the “bite size olan, a smaller output that focuses on a narrow range of bestsellers, tests the GREGGS-so that it can rent more expensive places in the South.

Currie said that as people eat less on very hot days, the sales were shot during hot spells in most England.

He said that the trade during breakfast remained flexible, but especially the sales of hot foods fell for the rest of the day as the temperatures increased. The icy drinks were a few elements to eliminate the trend.

Currie described conditions as challenging, low consumer confidence and people “savings instead of spending”, especially low -income ones.

Based on the analysis of how its customers, implementation and stores performance, GREGGS said that it has received more often cooked goods when there was “appropriate access to their stores. As a result, the company, which sells approximately 1 million sausage rolls a day, is still planning to open at least 350 sales points, including about 150 this year, and said that it can see “net opportunities için to operate more than 3,000 in the future.

It aims to open more stores in areas beyond traditional High Street sites and to carry existing shops to better sites. The frozen “cook at home” range will present to Tesco supermarkets as of September.

However, the company’s half -year consequences encouraged some analysts to express the concerns that the UK’s appetite can peake for GREGGS because consumers with health -conscious consumers can peak for choosing low -calorie options instead of pastries.

“Greggs warned that the profits would be lower than the same period last year because Britain had suppressed the good atmosphere of Britain. This will do very little to address Peak Gregs, Brit

Others questioned that the company, tourists and daily trippers are expected to search for food while on the move, and questioned that they did not share any more information about how sales progressed last month.

Broken Aj Bell Investment Director Russ Mold, lack of information about the current trade, investors, the enterprise’s daily Belgian bun as much as a stale of stale, “he said.

“This will not stop the increasing debate on whether GregGS has reached the highest sausage roller.

“There are suggestions that grow very fast, the menu is very swollen and consumer tastes are changing. People want healthier options and have some of them in Greggs stores, while core pastry -based items remain as bread and butter.”

Currie said that more than 30% of GregGS’s product range is now healthy options and the company paid attention to the future potential impact of dietary drugs such as Özempic.

He said that the population that takes such drugs is now very small and therefore no change in eating habits would contribute to the slowing of sales in the chain. “It is important for us to have various protein -led options to address them,” he said.