Greggs reported a 2.6% rise in like-for-like sales for the six months ending 28 June. However, the heatwave in June significantly impacted purchasing patterns. Increased temperatures resulted in a higher demand for cold drinks, leading to a decrease in foot traffic. Greggs stated that despite less demanding comparative sales in the second half of the year, current trading conditions may result in a full-year operating profit modestly below that of 2024.
Like-for-like sales in June were impacted as very high temperatures affected the UK, increasing demand for cold drinks but reducing our overall footfall.
Whilst acknowledging that comparative like-for-like sales are less demanding in the second half of the year, in light of the current trading conditions the board now anticipates that the full-year operating profit could be modestly below that achieved in 2024.
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