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Sausage roll stalwart Greggs is to open another 41 new branches by the end of 2021 under plans that will create 500 new jobs after the bakery chain announced pre-tax profits of £55.5million for this year.
The Newcastle-based high street bakery, which has 2,115 stores, said the business had swung from a loss to a profit after Covid restrictions were eased and they were given the green light to trade properly.
In interim results published today, bosses announced that 48 new branches opened in the first half of this year, though 11 were shut down for good. Greggs said it anticipates 100 net new shop openings in 2021.
The figures were for the 26 weeks to July 3, compared with a £65.2million loss for the same period last year at the height of the pandemic.
Greggs executives now expect full-year profits to be 'slightly ahead' of previous predictions after making gains against pre-Covid levels.
Sausage roll stalwart Greggs is to open another 41 new branches by the end of 2021 under plans that will create 500 new jobs after the bakery chain announced pre-tax profits of £55.5million for this year
An employee wearing PPE including a mask and visor serves at the counter of a Greggs bakery in London on June 18, 2020
The group saw like-for-like sales drop 9.2 per cent against 2019 after the impact of the third national lockdown but it was
