LONDON (ShareCast) - (Sharecast News) - Bakery chain Greggs updated the market on its trading on Tuesday, reporting that the improved trading performance it saw in its third quarter update had strengthened further during October and to date in November.
The FTSE 250 company said that in the eight weeks to 24 November, total sales grew by 9.0%, up from 8.2% year-on-year, and like-for-like sales in company-managed shops increased by 4.5%, in line with last year.

In the year-to-date, total sales had grown by 6.6%, and like-for-like sales had improved by 2.5%.

"This stronger trading in October and November is particularly encouraging as it builds on good comparative sales in the same period last year," the Greggs board said in its statement.

"Operational costs have been well controlled and, whilst there is still much to play for over the final few weeks of the year, the board now anticipate that full year underlying profit before tax- excluding exceptional charges - will be at least £86m."

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