British bakery and fast‑food chain, FTSE 250 member, expanding into convenience channels
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Greggs has reported a 7.2% rise in half-year sales to £1.1bn, driven by 34 net new stores and a shifted focus to higher-protein salads and iced beverages. Pre-tax profit has jumped about 20% to £76m as it expands formats and maintains price stability amid inflation; the chain is also trialling Greggs Express in petrol forecourts.
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Greggs has unveiled a plan to close manufacturing sites in North Lakes (Cumbria), Enfield (London), Pettigrews (Kelso) and Seaham (Durham) over 2.5 years, while maintaining distribution from Enfield. Treforest in Wales will shift to a distribution centre. The aim is to improve efficiency and fund redundancies, with annual savings of around £20m from 2028.