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Baking chain Greggs has warned that it faces ‘headwinds’ as UK consumer confidence falls, in a fresh blow to the economic outlook.
Greggs reported that sales growth slowed at the end of last year. In the final quarter of 2024, sales at its company-managed shops rose by 2.5%, weaker than the full-year sales growth of 5.5%.
Whilst lower consumer confidence continues to impact High Street footfall and expenditure, our value-for-money offer and the quality of our freshly-prepared food and drink position us well to meet the headwinds we expect to see in the year ahead, and we remain confident in the significant long-term opportunity for growth.”
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