Greggs Reports Strong Sales Growth and Expansion in 2025 Interim Results

Greggs has reported a 7.0% increase in total sales, climbing to £1,027.7 million from £960.6 million in the same period last year.

However, operating profit dipped by 7.1% to £70.4 million, with pre-tax profit falling 14.3% to £63.5 million – largely due to market footfall challenges, adverse weather, and strategic cost investments.

Company-managed shops saw a 2.6% increase in like-for-like sales, while franchise sales were up by 4.8%.

Strategic Expansion

The company opened 87 new shops and closed 56 (including 27 relocations), ending the half with 2,649 trading sites.

With a strong second-half pipeline, Greggs stays on course for 140–150 net new openings in 2025 and maintains its long-term vision of exceeding 3,000 UK locations.

September 2025 will see Greggs extend its frozen Bake at Home range to Tesco stores, building on its long-running partnership with Iceland Foods.

The chain continues to diversify offerings across all dayparts, with highlights including: momentum in its healthier range, driven by new product launches like Plenish health shots and Greek-style yoghurts and strong performance in pizza and iced drinks through expanded availability and new flavours.

Growth in its evening trade now accounts for 9.3% of company-managed shop sales.

Digital engagement rose significantly, with Greggs App usage up to 25.7% of transactions, and delivery sales holding steady at 6.8% of total company-managed shop revenue.

'A challenging start to 2025'

CEO Roisin Currie CBE commented: “After a challenging start to 2025 we remain clear on the strategic opportunities that lie ahead.

"Through our disciplined estate expansion and focus on innovation, Greggs is evolving its offer further and making the brand more convenient for a wider range of customers. The outlook for cost inflation is unchanged and we are making great progress in building the supply chain infrastructure that will support the next phase of growth.” 

Greggs remains optimistic, reiterating its full-year guidance. Its combination of digital engagement, menu innovation, estate growth, and strategic infrastructure investment underpins its goal to solidify its position as the UK’s leading food-to-go brand.

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