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Greggs to Open 160 New Stores in 2024

Greggs to Open 160 New Stores in 2024

Greggs has announced its confidence in achieving between 140 and 160 store openings in 2024. The bakery chain recently celebrated the opening of its 2,500th store, with its estate now comprising 1,986 company-managed stores and 514 franchised units.

This announcement comes as Greggs releases a trading update for the first 19 weeks of 2024, during which it opened 64 stores, including 15 in partnership with franchisees. Recent openings include locations at Embankment underground station, four shops within Tesco stores, and three stores within Sainsbury’s, including two at petrol filling stations.

During this period, Greggs recorded a 7.4% increase in like-for-like sales. This growth was driven by delivery sales, evening trade, and increased participation in the Greggs app, all of which contributed to a rise in transaction volumes. Total sales for the 19 weeks to 11 May were £693 million, an £84 million increase from the same period in 2023.

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BDC 317 : Jun 2024