Business
CHRISTMAS AND NEW YEAR TRADIN
CHRISTMAS AND NEW YEAR TRADIN.
About this update from Greggs Plc
[{"type":"text","content":"\n RNS Number : 3019Z Greggs PLC 12 January 2011 \n \n\n12 January 2011\n \n \nGREGGS plc\nCHRISTMAS AND NEW YEAR TRADING UPDATE\n \nGreggs is the leading bakery retailer in the UK,\nwith over 1,480 retail outlets throughout the country, \nserving freshly baked products to six million customers each week\n \n \nRECORD CHRISTMAS WEEK\n \nHighlights\n \n\n\n\n\n· \n\n\nChristmas trading period* - total sales up 3.5%, like-for-like sales up 0.6% \n \n\n\n\n\n· \n\n\nFinancial year 2010** - total sales up 2.2%, like-for-like sales up 0.2%\n \n\n\n\n\n· \n\n\nRecord shop opening programme adding 68 net new shops during the year\n \n\n\n\n\n* five weeks ending 8 January 2011 which includes the comparable bank holidays in 2009/10\n** 52 weeks ending 1 January 2011 compared with the equivalent 52 weeks of the 53-week financial year in 2009\n \nAn excellent performance in the Christmas week ending 25 December 2010 saw total sales for the week increase by 19.6 per cent and like-for-like sales by 16.0 per cent, building on the 6.5 per cent increase in total sales in Christmas week 2009. The last-minute rush by many shoppers, combined with a more favourable trading pattern where Christmas day fell on Saturday, drove strong sales. Total sales for the five week Christmas trading period to 8 January 2011 grew by 3.5 per cent with like-for-like sales increasing by 0.6 per cent.\n \nHighlights during the Christmas trading period included a 26 per cent increase in our sales of coffee and growth of 19 per cent in our sales of sweet mince pies. From the launch of our seasonal ranges at the beginning of November through to the end of the year we sold more than eight million mince pies and nearly two million of our Festive Bakes.\n \nFor our 2010 financial year as a whole (52 weeks ending 1 January 2011), total sales increased by 2.2 per cent and like-for-like sales by 0.2 per cent compared with the equivalent 52 week period in 2009, in line with our expectation of marginally positive like-for-like growth over the year as a whole. Comparing our 52 week performance in 2010 with our 53 week performance in 2009, total sales increased by 0.6 per cent.\n...