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What members are discussing 1 Whether making its own food and running its own logistics leaves Greggs more exposed to a downturn 2 What the spread of franchised roadside and travel sites means for revenue, capital and margins 3 Whether varying prices across shops erode Greggs' reputation for value, and how far prices can rise To see the Greggs board, create your account.
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Greggs GRG 30 Sept 2026
Q3 Trading Update
Greggs reported total sales up 7.7% for the 13 weeks to 26 September 2026 and 7.4% for the 39 weeks to 26 September 2026, with company-managed shop like-for-like sales up 3.4% in Q3 and 2.6% year-to-date, attributed to menu innovation and more settled weather. Year-to-date it opened 95 new shops and closed 38 (including 20 relocations), for 57 net new openings, taking the estate to 2,796 shops (2,157 company-managed, 639 franchised); it continues to expect around 100-110 net new openings in 2026 plus 12 'Greggs Express' installations, with like-for-like cost inflation unchanged at circa 2%. Greggs launched a consultation on proposals to consolidate manufacturing operations that could close four sites and put circa 740 roles at risk of redundancy over two and a half years, with proposed cash costs of circa £60m (circa £40m capex plus disruption/redundancy costs) and expected annual pre-tax operating cost savings of circa £20m, anticipated to be realised across 2028 and 2029. New distribution centres in Derby and Kettering are progressing, with Derby's frozen storage and picking activity plus a new sweet product line due in Q4 2026, and Kettering operational in 2027; as previously communicated these will increase costs in 2027 before contributing to profitable growth thereafter. The company said improved trading performance and continued strong cost control now lead it to expect a modestly improved outcome for 2026, while noting signs of greater inflationary pressures in 2027.
Summarised by The Shareholders Board from the RNS.
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