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UK's Greggs first-half profit up 20% as grocery business grows
Store openings and grocery partnerships helped the bakery chain offset weaker demand from some frequent customers, while it kept its full-year profit outlook unchanged.
- On Wednesday, July 29, 2026, bakery chain Greggs reported a 20% rise in first-half pre-tax profit to £76 million, with total sales reaching £1.1 billion for the 26 weeks ending June 27, up 7.2% year-over-year.
- Growth was driven by opening 34 net new shops, reaching 2,773 total locations, alongside strong grocery partnerships with Tesco and Iceland Foods that generated additional revenue streams.
- Chief Executive Roisin Currie attributed success to menu innovations like iced matcha lattes and the April chicken roll launch that attracted younger consumers and health-conscious shoppers.
- The company plans to expand to 3,500 shops by trialling 'Greggs Express' self-service units and 'bitesize' formats, while opening its first international location at Tenerife South Airport earlier this year.
- Analysts question whether the UK has hit 'peak Greggs' after rapid expansion, while supply chain investment costs and potential demand reduction from GLP-1 drugs may pressure second-half profits.
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Evening Standard+2 Reposted by 2 other sources
Salads and iced matcha lattes help bring heatwave sales boost for Greggs
The bakery chain revealed that total sales topped £1.1 billion for the 26 weeks to June 27.
·London, United Kingdom
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Total News Sources20
Leaning Left2Leaning Right0Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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