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UK Baker Greggs Warns On Profit After Dip In Demand

Published on May 9 2018 11:29 AM in Retail tagged: Trending Posts / Bakery / Greggs / BRC / Paywall

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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