8 January 2026
“Greggs’ fourth-quarter trading update points to a better-than-expected finish to the year, with total sales up 7.4% and like-for-like growth of 2.9%, coming in ahead of market expectations and improving on the third quarter. Growth has been driven by menu innovation and continued expansion of the shop network, with the business also gaining market share despite a tough consumer environment.
"Investment remains firmly in focus, with capacity expansion and the phased rollout of the Derby frozen food facility supporting longer-term growth. While capital expenditure is set to peak this year, it is expected to fall back from 2026, allowing the business to return to stronger cash generation as those investments begin to deliver.
"For the current financial year, Greggs expects profits to be broadly in line with expectations, although management has struck a cautious tone for the year ahead, guiding to flat profits amid a weaker consumer backdrop. That more subdued outlook tempers an otherwise solid update, but with the business continuing to expand its store base and invest in future growth, Greggs remains well positioned for the longer term.”
