Greggs open 41 new branches by end of year in boom for sausage roll fans

It's about to get even easier to get your sausage rolls after Greggs announced it is to open 41 new branches before the end of the year.

The popular high street bakery chain made the exciting announcement, which will also mean 500 new jobs are created, while revealing its interim results to the city on Tuesday, August 3.

It revealed a pre-tax profit of £55.5 million for the 26 weeks to July 3, compared with a £65.2 million loss for the same period last year.

The Newcastle-based business said it now expects full-year profits to be "slightly ahead" of previous predictions after its most recent sales made gains against pre-pandemic levels.

Roger Whiteside, chief executive of Greggs, said: "Greggs once again showed its resilience in a challenging first half, emerging from the lockdown months in a strong position and rebuilding sales as social restrictions were progressively relaxed.

"We continue to make good progress with our strategic priorities, growing the shop estate and investing in our digital capabilities to compete in all channels and parts of our market.

"Whilst there continue to be general uncertainties in the market, given our recent performance we now expect full-year profit to be slightly ahead of our previous expectation."

  • UK weather: BBC long-range forecast predicts when thunderstorms will end before heatwave

The business said it anticipates 100 net new shop openings in 2021, creating 500 new retail roles in the second half of the year.

Elsewhere, its home delivery plans were expedited during mandatory closures, with its delivery service now available in 837 stores.

In March, Greggs confirmed that 56 of its stores had permanently shut after the company recorded its first profits loss in 36 years.

For more incredible stories from the Daily Star, make sure you sign up to one of our newsletters here

The food chain announced pre-tax losses of £13.7million for last year due to coronavirus lockdown restrictions, down from a £108.3m profit in 2019.

Revenue plummeted from £1.17billion to just £811.3m as branches were forced to shut for most of 2020 due to the Covid-19 pandemic.

It was the first time Greggs, which has more than 2,000 UK branches, has reported a drop in profits since listing on the London Stock Exchange in 1984.

Source: Read Full Article