US EditionGreggs First-Half Profit Drops as Heatwave Slows Sales
ENGLAND, UNITED KINGDOM, JUL 29 – Greggs' profit fell 14% in H1 2025 due to lower footfall from June heatwave and increased costs despite 7% sales growth and 87 new store openings, CEO said.
- Greggs, the bakery chain based in Newcastle, reported a 14.3% decline in pre-tax profit, which amounted to £63.5 million during the six months ending June 28, 2025.
- The profit decline followed slower sales growth due to soaring June temperatures and difficult market conditions earlier in the year, including severe snowfall and high winds in January.
- Despite facing challenges, Greggs increased its sales by 7% to £1.03 billion during the period, supported by the launch of 87 additional stores and the introduction of new menu items such as a bake featuring red pepper, feta cheese, and spinach.
- CEO Roisin Currie acknowledged the difficulties faced early in 2025 but emphasized confidence in the company’s long-term growth prospects. She also confirmed that Greggs plans to open between 140 and 150 new stores this year, with a greater number of openings expected in the latter half of 2025.
- The outlook suggests Greggs will continue disciplined expansion and innovation despite cautious consumers saving amid ongoing cost pressures and low confidence.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
Evening Standard+3 Reposted by 3 other sources
Greggs profits slide due to hot weather and cautious customers
The boss of the high street bakery chain said that many consumers are ‘saving rather than spending’.
·London, United Kingdom
Read Full Article
Greggs first-half sales top £1bn but profit falls to £63m – Northern Financial Review
Newcastle-based Greggs said its total sales for the 26 weeks to June 28, 2025, rose 7% to £1.027 billion but profit before tax fell 14.3% to £63.5 million. Like-for-like (LFL) sales in company-managed shops grew 2.6% and franchise shop LFL “system sales” grew 4.8% when compared with the equivalent period of 2024. Interim dividend was maintained at 19p per share. Greggs opened 87 new shops in the first half of the year with 56 closures — includin…
Coverage Details
Total News Sources16
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
Factuality
To view factuality data please Upgrade to Premium
