Greggs warns of profit hit as heatwave dents sales
Heatwave hits Greggs’ sales as sweltering customers skip the sausage rolls
- Greggs has warned that its full-year earnings forecast has been significantly impacted by the recent heatwave.
- Soaring temperatures deterred customers from hot food offerings, leading to a noticeable decline in footfall and reduced appetite for warm pastries.
- While overall like-for-like sales for the six months to 28 June still saw a 2.6 per cent increase, growth significantly slowed in June due to the high temperatures.
- The company now anticipates that its annual operating profits could be “modestly” lower year on year.
- The UK experienced its hottest day of the year so far, with temperatures exceeding 34C, including 34.7C recorded in central London.