Business Earnings Report

Greggs Reports Profit Slump Amid Challenging Market

Analysis based on 8 articles · First reported Mar 03, 2026 · Last updated Mar 03, 2026

Sentiment

-20

Attention

Articles

Market Impact

Direct

Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard

Market Impact

The market is impacted by Greggs' profit slump, reflecting broader challenges in consumer spending and rising costs in the United Kingdom. However, Greggs' continued expansion plans and optimism for easing inflationary pressures offer some positive outlook for the retail sector.

Food service Retail

Event Summary

Greggs, the high street bakery chain, reported a 17.9% fall in statutory pre-tax profits to £167.4 million for the year ending December 27, compared to the previous year. This decline is attributed to challenging market conditions, including cautious consumer spending due to the rising cost-of-living, higher tax and labor costs, and the increasing use of weight-loss treatments. A spell of particularly hot weather also negatively impacted footfall. Despite the profit slump and a slowdown in sales growth at the start of the new year, Greggs stressed its resilience and continued its store opening program, adding 121 net new shops in 2025 and targeting around 120 more in the current year. CEO Roisin Currie expressed optimism for 2026, anticipating easing inflationary pressures to boost consumer spending. Analysts offered mixed views on Greggs' long-term prospects.

Key Actions

90 Greggs reported a slump in statutory pre-tax profits

80 Greggs experienced slowdown in sales growth

70 Greggs expanded its shop estate with 121 net store openings

70 Greggs targeted around 120 further store openings

60 Greggs expanded its delivery business and increased evening trade

50 Roisin Currie indicated easing inflationary pressures

Entities Involved

stock

Greggs

Greggs reported a 17.9% slump in statutory pre-tax profits to £167.4 million for the year, attributed to challenging market conditions, cautious consumer spending, higher costs, and a spell of hot weather. Despite this, Greggs continues its store expansion and delivery business growth.

Importance 100 Sentiment -30

per

Roisin Currie

As CEO of Greggs, Roisin Currie acknowledged the challenging market but expressed optimism for easing inflationary pressures in 2026, which should support consumer spending and demand for food-on-the-go.

Importance 70 Sentiment -10

cnt

United Kingdom

The United Kingdom's economic conditions, including rising cost-of-living, higher taxes, and labor costs, have impacted consumer spending and contributed to the challenging market for Greggs.

Importance 30 Sentiment -10

stock

BTG Limited

Julie Palmer, Managing Partner at BTG Limited, provided commentary on Greggs' results, highlighting the impact of weight loss drugs, lower consumer spending, and rising business costs on the bakery's profits.

Importance 10 Sentiment 0

stock

Shore Capital

Darren Shirley, an analyst at Shore Capital, offered a critical perspective on Greggs' performance, stating there was 'little to shout about as trading slows'.

Importance 10 Sentiment 0

stock

Hargreaves Lansdown

Aarin Chiekrie, an equity analyst at Hargreaves Lansdown, provided a more optimistic view, noting Greggs' efforts to build foundations for future growth through store expansion and menu adaptation.

Importance 10 Sentiment 0

Relationships

Roisin Currie related ↔ Greggs

Greggs related ↔ United Kingdom

NEWSDESK

Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard