Greggs' total sales up 8.6% in Q3
Its company-managed shop like-for-like sales rose by 5.0% from 2.8% in 2016.
In the 13 weeks to 30 September 2017, total sales grew by 8.6% from 5.6% on the previous corresponding year.
According to Greggs trading update, the investment in the brand’s new forecasting and replenishment system is resulting in greater product availability for customers. In addition, the seasonal changes to Greggs’ range have been successful with the further development of its Balanced Choice options. The sales at breakfast time has reportedly continue to grow strongly.
For the year as a whole, the brand is expecting to open 140-150 shops and close 40-50, with a net increase of around 100. It has also completed 120 shop refurbishments.
Alongside the redevelopment of its Leeds bakery to consolidate manufacturing of small cakes and muffins, the brand will trial its new SAP supply chain system in two sites ahead of broader deployment next year.
