Greggs shares drop on sales slowdown
- Greggs has warned customers that price rises are a 'certainty' due to rising employment costs and lower consumer confidence affecting sales.
- The Bakery chain's fourth quarter sales grew 2.5%, but overall growth was behind previous quarters' 5%.
- In 2024, Greggs achieved £2 billion in annual revenue for the first time, an 11.3% increase from 2023.
- Chief Executive Roisin Currie stated that Greggs remains confident in its ability to mitigate cost inflation and sees long-term growth opportunities.
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Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
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