London · Delayed Price · Currency is GBP · Price in GBX Greggs Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 results with 7.2% sales growth and 19.7% profit increase, driven by disciplined expansion, menu innovation, and robust cost control. Full-year profit is expected to be flat due to new site costs, but free cash flow and shareholder returns are set to improve.
Fiscal Year 2025
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Sales grew nearly 7% year-over-year, with market share rising to 8.6% despite challenging conditions. Cost inflation is easing, CapEx is set to decline, and profit progress is expected in H1 2026, though full-year profit will be flat due to new site costs.
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Sales grew 7% year-over-year, but operating profit fell 7.1% due to cost inflation and weather impacts. Strategic expansion, innovation, and digital initiatives continue, with strong brand value and market share maintained despite challenging consumer conditions.
Fiscal Year 2024
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Record sales and profit were achieved with over £2 billion in revenue and 13% profit growth, driven by new shop openings, digital expansion, and strong brand value. Despite cost inflation and a challenging market, guidance for 2025 is reaffirmed, with continued investment in supply chain and shop growth.
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Sales rose nearly 14% year-over-year, with underlying pre-tax profit up 16% and gross margin improving due to cost deflation. Expansion continues with 99 new shops and major supply chain investments, while guidance and outlook remain positive.