Greggs to cook up 160 store openings in 2024
Greggs has said it remains confident in achieving between 140 and 160 store openings in 2024.
The bakery chain recently opened its 2,500th store, with its estate comprising 1,986 company-managed stores and 514 franchised units.
This comes as Greggs releases a trading update for the first 19 weeks of 2024, a period during which it opened 64 stores including 15 with its franchise partners. Recent shop openings for Greggs include sites at Embankment underground station, four shops with Tesco, and three stores with Sainsbury’s including at two petrol filling station locations.
During the period, the chain recorded a 7.4% increase in like-for-like sales, with delivery sales, evening trade, and increased participation in the Greggs app all contributing towards transaction volume growth. Total sales during the 19 weeks to 11 May were £693m, an £84m increase from the same period in 2023.