Greggs
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Greggs (GRG) investor relations material

Greggs Q3 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 TU earnings summary30 Sep, 2026

Executive summary

  • Achieved total sales growth of 7.7% for Q3 2026 and 7.4% for the 39 weeks to 26 September 2026, with like-for-like sales up 3.4% and 2.6% respectively compared to 2025.

  • Opened 95 new shops and closed 38 (including 20 relocations), resulting in 57 net new shops year-to-date, with a total of 2,796 shops trading at period end.

  • Menu innovation, including new drinks and healthier options, contributed to improved trading and customer engagement.

  • Announced proposals to consolidate manufacturing operations, potentially closing four sites and impacting around 740 roles over 2.5 years.

Financial highlights

  • Cost inflation expectations remain at approximately 2% on a like-for-like basis for 2026.

  • Improved trading and strong cost control lead to expectations of a modestly improved outcome for 2026.

Outlook and guidance

  • Expecting 100 to 110 net new shop openings in 2026, plus 12 'Greggs Express' installations.

  • New distribution centres in Derby and Kettering to increase costs in 2027 before supporting profitable growth.

  • Signs of greater inflationary pressures anticipated in 2027.

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Frequently asked questions

Greggs plc operates a bakery food-on-the-go retail business offering sandwiches, savory products, sweet treats, and drinks. The company serves customers through its network of retail outlets and online platforms across the United Kingdom. It is headquartered in Newcastle upon Tyne, United Kingdom, and its shares are listed on the LSE.