London food
fromBusiness Matters
2 days agoGreggs takes the sausage roll abroad with Tenerife debut
Greggs will open its first shop outside the UK in Tenerife South Airport while reporting cautious profit progress and steady sales growth.
The ongoing conflict in the Middle East and the uncertainty surrounding its duration continue to limit near-term visibility and drive consumer caution.
Greggs reported a 6.9% rise in total sales to £1.3 billion in the first half of the year, with like-for-like sales increasing by 2.6%. However, sales momentum sharply declined in June due to record-breaking heat, leading to reduced foot traffic and weaker demand for core products.