UK-based Greggs meets 2025 sales expectations

Greggs

03/03/2026 07:11

Overview

UK bakery chain's 2025 sales grew 6.8%, meeting analyst expectations

Adjusted pretax profit slightly missed analyst expectations

Company opened 121 net new shops in 2025, plans 120 more in 2026

Outlook

Company expects full-year profits at similar underlying level to 2025

Greggs plans around 120 net shop openings in 2026

Company anticipates capital expenditure to fall to £200 mln in 2026

Result Drivers

MARKET SHARE GROWTH - Greggs increased its share of food-to-go market visits by 0.5 percentage points to 8.6% in 2025, despite a 3.1% market decline

COST MANAGEMENT - Greggs achieved structural cost savings of £13 million in 2025, exceeding its target by £4 million

EXPANSION STRATEGY - Greggs opened 121 net new shops in 2025, targeting 120 more in 2026, with a focus on underrepresented locations

Company press release: ID:nRSC0166Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Meet
GBP 2.15 bln
GBP 2.15 bln (15 Analysts)
FY Adjusted Pretax Profit
Slight Miss*
GBP 171.90 mln
GBP 172.25 mln (15 Analysts)
FY Dividend
GBP 0.69
FY Like-For-Like Growth
2.40%
FY Pretax Profit
GBP 167.40 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy."

Wall Street's median 12-month price target for Greggs PLC is GBp1,730.00, about 10.1% above its March 2 closing price of GBp1,571.00

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)