Greggs has appetite for 120 openings in 2026 despite dip in profit
Greggs is targeting around 120 net new store openings in 2026, despite recording a decline in profits in 2025.
The grab-and-go operator said it sees a “clear opportunity” for over 3,000 UK stores in the long-term, and has identified a “strong pipeline of attractive opportunities” for new stores in 2026. Greggs will also trial its smaller ‘bitesize Greggs’ format to meet greater demand in areas with limited space.
As of the end of 2025, Greggs’ estate grew to 2,739 locations, following 121 net openings over the course of the year.
In the year ending 27 December 2025, Greggs recorded a year-on-year increase in total sales of 6.8% to £2.15bn. Over the same period, the operator’s underlying pre-tax profit fell by 9.4% to £171.9m, while its statutory pre-tax profit also declined, falling by 17.9% to £167.4m. However Greggs said its capital expenditure peaked in 2025 at £287.5m, and will fall to circa £200m in 2026, before reducing to between £150m and £170m from 2027 onwards.
Roisin Currie, chief executive of Greggs, said: “Greggs delivered a resilient performance in 2025, growing market share, alongside continued strategic progress. Looking into 2026, easing inflationary pressures should provide some support to consumer spending and demand for convenient food-on-the-go continues to underpin the market. We remain focused on broadening access to Greggs with a strong pipeline of shop openings, exciting launches and deeper customer engagement via the Greggs App.
“We have a clear formula for long-term success, leveraging our value leadership, vertical integration, breadth of range and strong track record of innovation. Together, these strengths give us a clear competitive advantage and position us well to deliver further sustainable growth.”