UK Baker Greggs Warns On Profit After Dip In Demand
British baker Greggs warned on Wednesday that profit for 2018 was likely to fall short of expectations and be at a similar level to 2017, blaming a dip in consumer demand.
Greggs, which is transforming itself from a conventional bakery business into a broader takeaway food retailer, said like-for-like sales at company-managed shops rose 1.3 percent in the first 18 weeks of the year - a slowdown from growth of 3.2 percent in the first eight weeks.
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