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reggs has revealed its gross sales jumped by over a fifth within the newest quarter because it additionally reported price inflation “has eased” throughout the enterprise.
The excessive road bakery chain advised shareholders that whole gross sales elevated by 20.8% for the 13 weeks to September 30, in contrast with the identical interval final 12 months.
It mentioned it has been supported by its value-focused provide “at a time when customers are looking to make their money go further”.
The group mentioned this got here after like-for-like progress of 14.2% for the quarter throughout its company-managed outlets, because it additionally benefited from its continued growth.
Greggs mentioned it has seen 82 web retailer openings to date this 12 months, taking it to 2,410 retailers by the top of September.
It added that it expects between 135 and 145 web openings for the entire of 2023.
It comes because the Newcastle-based enterprise continues to broaden its proposition in an effort to attract in additional prospects.
Greggs mentioned it has invested to develop its night operation, with gross sales after 4pm now accounting for 8.8% of commerce.
It has additionally considerably grown buyer exercise via its app and its partnership with Uber Eats.
The group has additionally continued to introduce new foods and drinks merchandise to promote alongside its conventional sausage rolls and bakes, with a “veg bhaji flatbread and cheese and honey mustard toastie” amongst new vegetarian merchandise in its autumn menu.
The London-listed agency mentioned it was on observe to hit its monetary steerage for the 12 months because it reported that “the rate of cost inflation has eased” in contrast with a 12 months earlier.
