Greggs Lifts Sales and Market Share as Expansion and Supply Chain Investments Peak

An update from Greggs plc ( (GB:GRG) ) is now available.

Greggs reported a 6.8% rise in full-year 2025 sales to £2.15bn, with like-for-like sales in company-managed shops up 2.4%, outperforming a tougher UK food-to-go market and gaining visit share at key dayparts such as breakfast and evening. Despite subdued consumer confidence and weather-related disruption, operational costs were tightly controlled, structural efficiencies delivered £13m in savings, and the chain accelerated expansion with 207 openings and 121 net new shops, taking the estate to 2,739 sites, supported by ongoing product innovation and value-focused deals. The company is investing heavily in supply chain capacity, with a new frozen product facility in Derby due to start phased operations from mid-2026 and a national chilled and ambient distribution centre in Kettering on track for 2027, but says it has passed the peak of capex and expects a significant reduction in spending from 2026, improving cash generation from a year-end net cash position of £47m. Management expects 2025 profit before tax to be in line with previous expectations (before a one-off sales tax item) and anticipates profits in 2026 to be broadly similar to 2025 as lower cost inflation, continued market share gains and estate growth are offset by ongoing consumer weakness and temporary margin pressure from bringing new supply chain capacity onstream.

The most recent analyst rating on (GB:GRG) stock is a Buy with a £21.45 price target. To see the full list of analyst forecasts on Greggs plc stock, see the GB:GRG Stock Forecast page.

Spark’s Take on GB:GRG Stock

According to Spark, TipRanks’ AI Analyst, GB:GRG is a Outperform.

Greggs plc’s overall stock score reflects its strong financial performance and positive corporate events, which are the most significant factors. The technical analysis supports a bullish outlook, while the valuation is fair, providing a balanced view of growth and income potential. The absence of specific earnings call data did not impact the score.

To see Spark’s full report on GB:GRG stock, click here.

More about Greggs plc

Greggs plc is a UK-based food-to-go retailer operating a large estate of company-managed and franchised shops across the country. The business focuses on affordable bakery-led food, including breakfast items, sandwiches, pizzas and seasonal products, targeting value-conscious consumers and high-footfall locations, and is expanding into new formats and under-penetrated catchments to grow its market presence.

Average Trading Volume: 425,624

Technical Sentiment Signal: Sell

Current Market Cap: £1.77B

Learn more about GRG stock on TipRanks’ Stock Analysis page.