Greggs shares rise after a strong third quarter

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Greggs shares rise after a strong third quarter
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High street baker Greggs (LON:GRG) saw its total sales for the 13 weeks ended 29th September rise by 7.3%, with like-for-like sales in company managed shops up by 2.9%. Over the course of the year to date, Greggs has opened 93 new shops and closed 35, giving a total of 1,912 outlets at the end of the period.

Management said that investment in the supply chain was continuing as planned, with new consolidated manufacturing centres in Newcastle, Manchester, and Leeds. The company was also positive about its performance in recent months in the face of protracted warm weather which makes consumer behaviour less predictable.

Shares in Greggs climbed by 5.37% to 1,060p (as of 11:30 BST).

 

 

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