Shares of Greggs Plc (GRG.L) are down 8 percent on Thursday's trading even as the company said in its fourth quarter trading update that the total sales rose 7.4 percent. Company-managed shop like-for-like sales were up 2.9 percent during the three-month period, the company added.
On the LSE, GRG.L is trading down 8.1 percent on Thursday at 1,625.65 pence.
The company said that for fiscal 2025, total sales rose 6.8 percent to 2.15 billion pounds from last year's 2.01 billion pounds, while company-managed shop like-for-like sales rose 2.4 percent.
During the year, the British bakery chain retailer opened 207 new shops, averaging four openings per week, alongside 50 relocations and 36 closures, resulting in 121 net new shop openings. Greggs Plc said that it expects to open around 120 net new shops in 2026.
Reflecting fourth-quarter trading and continued strong cost control throughout 2025, the Board expects to report full-year 2025 profit before tax in line with earlier expectations, before accounting for a one-off 4.5 million pounds charge related to sales tax costs from previous years.
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