Rolling coverage of the latest economic and financial news
Baking chain Greggs has warned that it faces ‘headwinds’ as UK consumer confidence falls, in a fresh blow to the economic outlook.
Greggs reported that sales growth slowed at the end of last year. In the final quarter of 2024, sales at its company-managed shops rose by 2.5%, weaker than the full-year sales growth of 5.5%.
Whilst lower consumer confidence continues to impact High Street footfall and expenditure, our value-for-money offer and the quality of our freshly-prepared food and drink position us well to meet the headwinds we expect to see in the year ahead, and we remain confident in the significant long-term opportunity for growth.”
Continue reading… The Guardian Read More Rolling coverage of the latest economic and financial newsRachel Reeves says she has ‘iron grip’ on finances as borrowing costs surgeBaking chain Greggs has warned that it faces ‘headwinds’ as UK consumer confidence falls, in a fresh blow to the economic outlook.Greggs reported that sales growth slowed at the end of last year. In the final quarter of 2024, sales at its company-managed shops rose by 2.5%, weaker than the full-year sales growth of 5.5%.Whilst lower consumer confidence continues to impact High Street footfall and expenditure, our value-for-money offer and the quality of our freshly-prepared food and drink position us well to meet the headwinds we expect to see in the year ahead, and we remain confident in the significant long-term opportunity for growth.” Continue reading…
