"Greggs said it was closely monitoring developments surrounding the conflict involving Iran, cautioning that sustained disruption could drive up operating costs well into next year. The company warned that a "prolonged" conflict would "likely see higher overall cost inflation through the end of 2026 and into 2027". Rising energy prices pose a particular threat for food manufacturers."
Company-managed store sales rose 2.5% in the first 19 weeks of 2026, while total sales increased 7.4% year-on-year to £800m. Growth was supported by new shop openings and menu shake-ups, including chicken rolls, matcha drinks, and healthier lunch options. Greggs operates 2,759 outlets across the UK and expects a net increase of 120 stores this year, after opening 41 and closing 21 during the period. The company plans its first international outlet at Tenerife South Airport, targeting British holiday traffic. Newer, protein-rich and lighter options aim to attract younger consumers. Greggs also warned that a prolonged Iran conflict could drive higher cost inflation through 2026 and into 2027, with energy prices posing a particular threat.
Read at London Business News | Londonlovesbusiness.com
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