Greggs expands across Central London despite inflation pressures and staff shortages
Thursday, October 7, 2021
Greggs twarned of supply problems driving up the price of food and labour - which carries the risk of future price rises, as it pledged that sausage buns are safe despite the UK's pork crisis and announced plans to expand overseas.
Greggs chief Roger Whiteside raised its profit guidance, redoubled his prediction that the baker would grow to 3000 outlets and made a clear message for Londoners: here we are.
At least 2019 customers experienced comparable-store sales growth of 3.5 percent in the third quarter compared to the same period last year, the chain said.
Nonetheless, Greggs announced plans to start some 100 additional stores this year, rising to 150 soon.
Greggs said on Tuesday that the Newcastle-headquartered firm, famous for its steak baking and sausage rolls, will expand by 68 locations since the start of the year, including new Drive-Through locations, and the company foresees an expansion of around 100 to its headquarters by 2021.