Friday, 05 March, 2021

Greggs had ‘exceptional’ 2019 after vegan launch

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Greggs stated its vegan sausage roll experienced served increase profits

Sandwich chain Greggs said it had an “outstanding” 2019, with profits up by 13.5% to £1.168bn, aided by the reputation of its vegan vary.

But the baker saw a substantial slowdown in February as storms retained clients absent.

And Greggs also cautioned there is some uncertainty in the outlook, specially offered the potential effect of coronavirus.

Pre-tax income rose to £108.3m from £82.6m in 2018, the organization claimed.

“We designed a extremely robust commence to 2020 in January, but in February noticed a substantial slowdown in sales advancement as a final result of the storms that have affected the Uk,” explained main govt Roger Whiteside.

“There is some uncertainty in the outlook, notably supplied the possible impact of coronavirus. This aside we assume to make year-on-12 months progress and will do so from a robust economical posture.”

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