Greggs in the headlines as sales hit inflation squeeze and costs bite; baked goods giant from Newcastle, facing pricing and consumer confidence shifts.
Greggs reports a 17.9% drop in pre-tax profits to £167.4 million for 2025, citing challenging market conditions, hot weather, and rising costs. Despite slower sales growth at the start of 2026, the company expects easing inflation to support consumer spending and plans to expand its store network.
The Middle East conflict has pushed up fuel, fertiliser and packaging costs, feeding higher food prices globally. Retailers warn inflation is likely to continue if the war persists, while farmers face rising input costs and potential production cuts.