Greggs keeps outlook unchanged as food and energy costs pre-fixed to protect from Iran war

Greggs reported improving trading in recent weeks and kept full-year guidance unchanged. Total sales rose 7.5% to £800 million in the first 19 weeks of 2026, while like-for-like sales in company-managed shops increased 2.5%. The update points to steady consumer demand and solid underlying fundamentals, though it is not a major guidance raise.

Analysis

Greggs reported improving trading in recent weeks and kept full-year guidance unchanged. Total sales rose 7.5% to £800 million in the first 19 weeks of 2026, while like-for-like sales in company-managed shops increased 2.5%. The update points to steady consumer demand and solid underlying fundamentals, though it is not a major guidance raise.