Greggs surpassed £2 billion in sales for the first time – London Business News | London Wallet

For the first time in history Greggs sales has surpassed the £2 billion barrier which is a major landmark for high street baker.

In the year to 28 December turnover was up by 11.3% from £1.81 billion to £2.01 billion and like-for-like sales was 5.5% hight and pre-tax profits climbed 8.3% to £2.03.9 million.

Chief executive ·Roisin Currie said they have had “Another record-breaking year for Greggs; we exceeded £2 billion in sales for the first time and opened our 2,600th shop. Our people have worked tirelessly to deliver on our strategic ambition to further establish Greggs as a multi-channel food-to-go retailer and I want to acknowledge their efforts.”

She added, “In 2021, we set our sights on doubling sales by 2026 and having a significantly bigger business over the longer term.

“Three years into this five-year plan, sales are on track and we continue to be confident in the growth opportunity in front of us.

“The brand is in better shape than ever, with a material opportunity to continue growing and developing the Greggs estate and plenty of scope to continue to grow in newer dayparts and channels.”