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Greggs Warns of Profit Dip as Heatwave Deters Customers
- Greggs, a UK bakery chain known for sausage rolls and hot bakes, warned on July 3 that unusually hot weather hurt June sales and customer footfall.
- This warning followed a heatwave with temperatures exceeding 34.7C in London, which increased cold drink demand but discouraged hot food purchases and reduced overall visits.
- Despite like-for-like sales rising 2.6% and total sales reaching £1.03 billion in the first half of 2025, Greggs expects lower operating profits for the year compared to 2024 due to June's slowdown.
- Shares fell nearly 15% to 1,682 pence on July 2 after the company indicated that its annual operating profit might slightly underperform compared to 2024, with analysts acknowledging the challenges but maintaining a cautiously positive outlook.
- Greggs plans to release interim results on July 29 and remains confident in 140 to 150 net store openings despite the profit warning caused by heatwave-driven changes in consumer patterns.
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26 Articles
26 Articles
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Center
9
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The Independent+2 Reposted by 2 other sources
Greggs warns of profit hit as heatwave dents sales
The group said it saw fewer customers pass through its doors
·London, United Kingdom
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Evening Standard+5 Reposted by 5 other sources
Greggs warns over profits as heatwave dents sales
The group said it saw fewer customers pass through its doors as Britons sweltered in blistering weather.
·London, United Kingdom
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Coverage Details
Total News Sources26
Leaning Left3Leaning Right0Center9Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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