On a roll: Greggs to open 160 more shops after rise in sales after festive period - will a store be opening near you?

10 January 2024, 12:52 | Updated: 10 January 2024, 14:59

Greggs said that the "pipeline of new shop opportunities remains strong", and expects to open between 140 to 160 net new shops in 2024.
Greggs said that the "pipeline of new shop opportunities remains strong", and expects to open between 140 to 160 net new shops in 2024. Picture: Alamy
Jasmine Moody

By Jasmine Moody

Known for its beloved sausage rolls, steak bakes, and Yum Yum’s, Britain's biggest bakery chain is set to open up to 160 more shops after a major jump in sales during the festive period - and eight locations have already been revealed.

Listen to this article

Loading audio...

From the final quarter to December 30, Greggs recorded a 9.4 per cent jump in like for sales.

This increase is down to a strong demand for seasonally Christmas products, such as the festive bake and chocolate orange muffin.

It added that there is also a strong demand for vegan options.

Now, Greggs have confirmed where eight of their 160 stores will be located.

New Greggs stores confirmed:

  • Within Tesco, Bar Hill in Cambridge
  • Chester Road, Mold
  • Within Tesco, Ealing in London
  • Church Walk Shopping Centre, Walker
  • General Rees Square, Cwmbran
  • Northenden Road, Sale
  • U2 Portland Walk, Barrow-in-Furness
  • MFG service station, Hyde Road, Mottram
This increase is down to a strong demand for seasonally Christmas products, such as the festive bake and chocolate orange muffin.
This increase is down to a strong demand for seasonally Christmas products, such as the festive bake and chocolate orange muffin. Picture: Alamy

For 2023, total sales rose to £1.8 billion, 19.6 per cent, with the "record" number of store openings contributing to the figures; this is a net increase of 145 from last year

The chain opened 220 shops - a record number. Greggs closed 33 of its stores and relocated 42, leaving it with 145 new sites on a net basis, taking its total estate to 2,473.

Read more: Greggs to open 'fine-dining bistro', with menu taking old favourites to 'new culinary heights' in 'Paris-inspired space'

Read more: Greggs gears up for legal battle to serve late night sausage rolls as police claim 24-hour bacon baps will worsen crime

The chain said it had recorded continual growth in transitions and a reduced contribution from price inflation throughout the year.

Greggs said that the "pipeline of new shop opportunities remains strong", and expects to open between 140 to 160 net new shops in 2024.

In addition, the bakery chain also plans to continue rolling out its evening opening hours on a targeted basis across stores.

Currently, 1,200 of their shops have extended hours available, which sent shares in Greggs by up to 200p, 8 per cent, to £26.66.

Roisin Currie, the chief executive, said: "We enter 2024 with plans to continue to invest in our shops and expand supply chain capacity to deliver the growth strategy, supported by our strong balance sheet.

"Our value-for-money offer and the quality of our freshly prepared food and drink continue to evolve and position us well for further progress in the year ahead."

Greggs said the boost in sales at the end of 2023 "reflected the favourable Christmas trading pattern and less disruption than we saw in the same period of 2022."

Greggs sell around 2 million sausage rolls a week.
Greggs sell around 2 million sausage rolls a week. Picture: Alamy

The news of more shops opening comes as the bakery chain says they do not plan to hike prices over 2024, but that it is unlikely to be able to offer price cuts as rising wages keep costs under pressure.

Ms Currie told the PA news agency she has "no plans currently" to increase prices across its ranges as it expects a more stable cost base over the year ahead.

However, she said it would be "a long time before we see deflation" that would allow the group to start reducing prices, with retailers among those facing higher wage bills due to increases in the national living wage.

But she said rising wages was also "good news as it puts more money into consumers' pockets".

More Latest News

See more More Latest News

President Joe Biden and first lady Jill Biden

Jill Biden breaks silence with short emotional tribute to husband Joe after he drops out of Presidential race

Starmer praises Joe Biden's 'remarkable career' as leaders react to president quitting  2024 US presidential race

Starmer praises Joe Biden's 'remarkable career' as leaders react to president quitting 2024 US presidential race

President Joe Biden has dropped out of the 2024 Presidential Race and has endorsed Vice President Kamala Harris as the Democratic Nominee.

Kamala Harris says she is running for President in first statement since Joe Biden's shock withdrawal

Joe Biden (l) and Kamala Harris (r)

As Joe Biden steps aside who replaces him as the Democrat candidate to take on Trump and what happens now?

Live
President Biden Addresses The Nation From The White House Oval Office

Joe Biden quits 2024 US election LIVE: President Biden backs VP Kamala Harris as Trump hits out at 'unfit' leader

Republican presidential candidate former President Donald Trump speaks at a campaign event yesterday

Donald Trump slams Joe Biden as ‘worst president in history’ and says Kamala Harris will be ‘easier to beat'

Read Joe Biden’s letter in full as he announces he’s dropping out of 2024 presidential race

Read Joe Biden’s letter in full as he announces he’s dropping out of 2024 US presidential race

Biden withdraws from US presidential race

Joe Biden has endorsed Vice President Kamala Harris as Democratic Presidential nominee

Joe Biden quits 2024 US presidential race and endorses Kamala Harris - as Trump labels him 'unfit to serve'

Joe Biden quits 2024 US presidential race and endorses Kamala Harris - as Trump labels him 'unfit to serve'

The 152nd Open - Day Four

American Xander Schauffele crowned The 152nd Open Champion as he finishes -9 to win in Royal Troon

Breaking News

England beat the West Indies by 241 runs in second Test at Trent Bridge

It comes as a TikTok sleuth who joined the hunt for missing teen Jay Slater said he believes the 19-year-old remains trapped in a Tenerife ravine.

Jay Slater's family blast trolls over bogus leads following sightings on the ‘Eurostar’ and ‘watching the Euros’

Four men found dead in car following horror collision with tree

Four men found dead in car following horror collision with tree

The M25 motorway closures are to set to cause travel chaos

Motorway misery: M25, M4 and M1 closures set to disrupt drivers this week – find out if you’re affected

Giovanni Pernice is expecting to be cleared following a misconduct probe, it is understood.

Ex-Strictly pro Giovanni Pernice 'expects to be cleared' amid misconduct allegations

The Prince Albert memorial has been 'considered offensive'

Prince Albert Memorial branded 'offensive' as it reflects 'Victorian view of the world'