Greggs takes the sausage roll abroad with Tenerife debut

"Greggs, the Newcastle-headquartered bakery giant, has confirmed it will open its first shop outside the United Kingdom at Tenerife South Airport within the coming weeks, a landmark moment for a business that has spent more than eight decades feeding the British high street."

"Greggs told investors it expects "to deliver good first half profit progress" and reiterated its full-year outlook. Management indicated that pre-tax profits for the year are likely to be broadly flat against last year, with any uplift "contingent on a recovery in the consumer backdrop"."

"Like-for-like sales at company-managed shops rose 2.5 per cent in the first 19 weeks of the year, slightly below the 2.9 per cent recorded over the first 20 weeks of 2025. Total sales, however, advanced a healthier 7.5 per cent to £800m, buoyed by the continued rollout of new outlets. Encouragingly, the pace of growth has picked up in the most recent ten weeks of trading, with like-for-like sales accelerating to 3.3 per cent."

""We have made encouraging profit progress in the year to date, partly reflecting a weak comparator period but also good operational cost control," the company said. Greggs added 41 shops to its estate during the period, 17 of them franchised, and shuttered 21, taking its national footprint to 2,759 outlets."

Greggs confirmed plans to open its first shop outside the United Kingdom at Tenerife South Airport within the coming weeks. The move marks a new stage for the Newcastle-headquartered bakery chain after more than eight decades serving the British high street. Alongside the expansion, the company issued a trading update with a cautiously optimistic outlook for the remainder of the year despite a challenging market. It expects good first-half profit progress and anticipates full-year pre-tax profits broadly flat versus last year, with any improvement dependent on a recovery in consumer conditions. Like-for-like sales rose 2.5% in the first 19 weeks, while total sales increased 7.5% to £800m, supported by new outlet rollouts. Growth accelerated in the most recent ten weeks, and the company added 41 shops while closing 21, reaching 2,759 outlets, with targets of 120 net new openings and expansion beyond 3,000 outlets.

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