Greggs sales beat pre-pandemic levels as high street stores reopen

Business

Greggs has bumped up its profit outlook after a “significant pick-up in sales” as non-essential retailers reopened.

The bakery chain said the increase partly reflected “pent-up demand for retail which has boosted high street footfall”.

Greggs said that like-for-like sales in the period since the easing of restrictions on 12 April were ahead of pre-pandemic levels in 2019.

The group said that while there remained “considerable uncertainty” its profits for the year could be around 2019 levels which would be “materially higher” than previous expectations.

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