Greggs is on a roll. The share price has delivered a resilient performance in recent years, in line with the bakery chain’s rapid expansion and the strong demand for its snacks.
Total sales for the past year rose by 19.6 per cent to £1.8 billion, surpassing stock market expectations. In its latest quarter, which included the key Christmas period, like-for-like sales increased by a bumper 9.4 per cent, helped by its seasonal, festive products.
The positive trading can be attributed to people who are struggling with the high cost of living looking for cheaper food. The fact that more people are going back to the office, especially in city centres, has also benefited Greggs and has helped to boost its share price.
Another reason for
