Key facts
- Greggs reported total sales of £1.1bn for the first half of the year.
- Total sales increased by 7.2%.
- Profit rose by nearly 20%.
- Profit reached £76m.
- New menu items like iced matcha lattes and chicken rolls contributed to sales growth.
- Greggs opened 34 new stores.
- The company's strategy involved new menu items and store expansion.
Greggs announced a significant increase in total sales for the first half of the year, reaching £1.1 billion, which represents a 7.2% rise. This growth was propelled by a combination of factors, notably the introduction of new menu offerings such as iced matcha lattes and chicken rolls. The company also expanded its physical footprint, opening 34 new stores during the period. These strategic initiatives contributed to a nearly 20% increase in profit, which amounted to £76 million. The company's performance indicates a successful execution of its growth strategy, focusing on both product development and market penetration through new store openings.