Greggs raises profit outlook and plans plant closures
Greggs raised its annual profit outlook following stronger third-quarter sales. The British bakery chain also announced plans to close four manufacturing sites in an efficiency drive.
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GREGGS PLC raised its annual profit outlook on Wednesday morning after third-quarter sales rose 3.4%, alongside plans to close four manufacturing sites. The bakery chain expects a modestly improved outcome for 2026, beating previous forecasts of a £172 million ($228 million) pretax profit. Shares rose 6.5% following the announcement.
