Greggs Reports Strong Sales Growth and Expansion Plans Amid Challenging Market

Greggs plc ( (GB:GRG) ) just unveiled an announcement.

Greggs plc reported a 7.4% increase in total sales to £784 million for the first 20 weeks of 2025, driven by a 2.9% like-for-like sales growth in company-managed shops. The company opened 66 new shops, with a net increase of 20, and is on track for 140-150 net openings by year-end. Product innovation, including new over-ice drinks and viral food items like Mac and Cheese, has bolstered sales. Despite a challenging market, Greggs maintains its full-year expectations unchanged, with ongoing investments in supply chain capacity and new facilities progressing as planned.

The most recent analyst rating on (GB:GRG) stock is a Buy with a £3600.00 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 scores well due to its strong financial performance and positive corporate events, with management showing confidence through share purchases. Despite these strengths, the stock is experiencing a bearish technical trend, which tempers the overall score. The valuation remains attractive, offering potential upside for investors.

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

More about Greggs plc

Greggs plc is a prominent player in the food retail industry, primarily known for its bakery products and quick-service food offerings. The company operates a significant number of shops across the UK, focusing on both company-managed and franchised outlets, and is expanding its product range to include innovative food items and healthier choices.

Average Trading Volume: 464,386

Technical Sentiment Signal: Sell

Current Market Cap: £2.04B

See more insights into GRG stock on TipRanks’ Stock Analysis page.