Greggs plc (LSE:GRG) announced a 6.9% increase in total sales for the first half of 2025, reaching £1,027 million. However, like-for-like sales grew more modestly by 2.6%, affected in part by unusually high temperatures in June that altered consumer buying habits. The company expanded its footprint with 87 new shop openings, resulting in a net increase of 31 locations, and targets 140 to 150 net openings by the end of the year.

The Board expects full-year operating profit to be slightly lower than 2024’s results, citing the strong prior-year performance and ongoing efforts to manage cost pressures.

Greggs maintains robust financial health, demonstrating solid profitability and operational efficiency. Recent corporate developments, including CEO share purchases and positive outcomes at the AGM, have bolstered investor confidence. While technical indicators show some bearish signals, the company’s attractive valuation, supported by a reasonable P/E ratio and consistent dividend yield, offers appeal to shareholders.

About Greggs plc

Greggs plc is a leading UK food retailer specializing in bakery products, known for its wide range of freshly prepared sandwiches, savory snacks, and baked goods. The company operates a substantial network of company-owned and franchised stores across the UK.