Brief: Greggs Says Expectations For Year Remain Unchanged
12/05/2026 07:24
May 12 (Reuters) - Greggs PLC GRG.L: GREGGS PLC - TRADING UPDATE GREGGS: EXPECTATIONS FOR YEAR REMAIN UNCHANGED GREGGS: TOTAL SALES UP 7.5% TO £800 MILLION FOR FIRST 19 WEEKS OF 2026 GREGGS - EXPECT GOOD FIRST HALF PROFIT PROGRESS WITH INCREMENTAL OPERATING COSTS FROM OUR NEW DERBY SITE PRIMARILY IMPACTING THE SECOND HALF GREGGS: 2.5% LFL SALES GROWTH IN YEAR TO DATE, 3.3% IN MOST RECENT 10 WEEKS GREGGS - NO CHANGE IN OVERALL 2026 COST INFLATION EXPECTATIONS; CIRCA 3% ON A LFL BASIS GREGGS - WE CONTINUE TO TARGET AROUND 120 NET OPENINGS FOR THE FULL YEAR GREGGS - EXPECTS GOOD FIRST HALF PROFIT PROGRESS; DERBY SITE COSTS TO IMPACT SECOND HALF GREGGS - IN COMING WEEKS WE WILL OPEN OUR FIRST SHOP IN AN AIRPORT OUTSIDE THE UK GREGGS: WILL LIKELY SEE HIGHER OVERALL COST INFLATION THROUGH END OF 2026 AND INTO 2027 SHOULD THE MIDDLE EAST CONFLICT CONTINUE GREGGS - IN ADDITION, CIRCA 50% OF OUR 2027 ENERGY AND FUEL REQUIREMENTS ARE FIXED GREGGS: OUR FORWARD BUYING OF KEY COMMODITIES CONTINUES TO PROVIDE PROTECTION AGAINST INCREASED INFLATION IN NEAR TERM GREGGS - HAS AROUND 5 MONTHS FORWARD COVER FOR FOOD/PACKAGING; 85% OF 2026 ENERGY AND FUEL COSTS FIXED Source text: ID:nRSL8645Da Further company coverage: GRG.L ((Reuters.Briefs@thomsonreuters.com;))