The business said sales in the year to 1 January 2022 rose by 5.3 per cent to £1.23bn compared to pre-pandemic times two years ago.
Across 2021, two-year like-for-like sales in Greggs’ company-managed shops were 3.3 per cent lower than in 2019, although fourth quarter sales edged up 0.8 per cent following a strong performance in October. Across the year as a whole, Greggs launched 131 new shops whilst closing 28, so at the beginning of the calendar year its portfolio had reached 2,181 shops.
Greggs Chief Executive Roger Whiteside said: “Greggs has made great progress in 2021 despite tough trading conditions. Our teams across the business have done a magnificent job coping under difficult circumstances and, to recognise their hard work, we have brought forward the planned 2022 pay awards. We enter 2022 with a strong financial position that will support our ambitions to accelerate the rate of growth in our shop estate whilst developing new digital channels and extending the trading day. Whilst conditions in the first few months of 2022 are likely to remain challenging, we are confident that we are well placed to make progress on the many attractive opportunities that lie ahead.”
