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Daily Mirror
Daily Mirror
Business
Sam Barker

Greggs warns sausage roll and steak bake prices could rise again in blow for customers

Sausage roll fans face paying even more at Greggs after the high street bakery chain warned its costs will rise by 9% this year.

Greggs has confirmed plans to extend opening hours and offer more delivery across its stores this year.

But the baked goods giant has also warned that its costs are likely to continue to go up - which could result in price rises being passed down to customers.

Greggs has already upped its prices by 5p to 10p and has yet to confirm if any further price hikes will definitely take place.

But if the retailer was to pass on a 9% increase, it means a sausage roll costing £1.10 would go up to around £1.19.

Greggs says the cost of its ingredients, packaging and energy bills have all risen - but says it has "worked hard" to keep prices as low as possible to customers.

Greggs revealed its sales jumped by 27.1% in the 26 weeks to July 2, to total £694.5million.

This is compared with £546.2million a year earlier.

But its half-year profits remained largely flat year-on-year at £55.8million compared with £55.5million last year.

Greggs blamed this on business rates being brought back into effect following the Covid pandemic, an increase in VAT and higher levels of cost inflation.

The chain - which has more than 2,200 shops in the UK - said it plans to extend its opening hours across its estate.

Greggs said 300 of its shops now trade until at least 8pm and confirmed more stores will open later by the end of this year.

Greggs is planning on opening 150 new stores by the end of the year - with the company considering increasing the number to 3,000 "in the coming years".

The bakery giant will also offer more delivery services in order to gain more evening sales.

At the moment, delivery through Just Eat is available across from 1,180 shops, up from 1,000 at the start of the year.

Other plans from Greggs include allowing customers to customise their sandwich fillings as part of a new trial.

Diners can currently only customise pizza toppings when ordering through its click and collect service.

Roisin Currie, the chief executive who took over from Roger Whiteside earlier this year, said: “In a market where consumer incomes are under pressure Greggs offers exceptional value for customers looking for food and drink on the go.

“We are well positioned to navigate the widely publicised challenges affecting the economy and continue to have a number of exciting growth opportunities ahead, with a clear strategy for expansion.

“We remain confident in Greggs’ ability to deliver continued success.”

Last month Greggs and Primark teamed up for a second fashion collaboration - including Greggs-branded shoes and clothing .

This time there are 21 items in the collection, including bodysuits, bumbags and the return of the iconic bucket hat.

The new festival range includes new pieces such as cycling shorts, basketball jerseys, varsity jackets and even some fresh new footwear.

The much-loved bakery chain and retail giant are also bringing back old classics such as the t-shirts, jumpers and those cheeky underpants.

Greggs fans will have to move quick though as the clothes will be dropping into all Primark stores nationwide from Friday 5 August.

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