Greggs H1 profits rise despite subdued consumer confidence
By Michele Maatouk
Date: Wednesday 29 Jul 2026
(Sharecast News) - Bakery chain Greggs reported a rise in first-half profit and sales on Wednesday despite "subdued consumer confidence and increased uncertainty", as it pointed to growth in the grocery business and strong cost control.
In the 26 weeks to 27 June, pre-tax profit jumped 19.7% from the same period a year earlier to £76m, while operating profit was up 22.9% at £86.5m. Total sales came in at £1.1bn, up from £1.0bn.
Like-for-like sales in company-managed shops ticked up 2.1%, while franchise shop LFL system sales edged up 1.3%. Greggs said total sales growth has been supported by continued estate expansion and further development of its grocery retail channel.
The company said it continues to be pleased with its brand's resilience against the backdrop of a "tough" environment for the whole food-to-go market. Greggs increased its share of food-to-go market visits by 0.3 percentage points to 8.7% in a tough market where visits fell 1.9%.
Chief executive Roisin Currie said: "Greggs continued to outperform the market and has delivered an improved sales performance and strong cost control through the first half of 2026, resulting in profitable growth.
"We remain focused on opening shops in more catchments and introducing convenient ways for customers to pick up Greggs favourites, while broadening and innovating our menu in line with changing tastes and trends. We are making great progress in building the supply chain infrastructure that will support the significant growth opportunities that lie ahead. The board's expectations for the full-year outcome are unchanged."
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