UK baker Greggs rises after improved sales growth

Greggs

12/05/2026 08:33

** Shares of Greggs GRG.L, Britain's biggest fast-food chain, rise 7% to 1,628 pence

** Stock is top pct gainer on FTSE mid-cap index .FTMC, which is down 0.9%

** Greggs reports like-for-like sales at company-managed shops rose 3.3% in the latest 10 weeks

** Total sales in the 19-week period ended May 9 were up 7.5% to 800 million pounds ($1.08 billion)

** GRG keeps full-year outlook unchanged, expects cost inflation of about 3% on a like-for-like basis this year, but warns prolonged Middle East conflict could push up costs through end-2026 and into 2027

** Including session's moves, stock down 3.3% YTD, while FTMC gains 0.7%

($1 = 0.7388 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com))