FX.co ★ Greggs FY24 Total Sales Up 11.3%; Sees FY Outcome In Line With Board's Expectations

Greggs (GRG.L) announced that its total sales for fiscal year 2024 reached £2.01 billion, marking an 11.3% increase compared to 2023. In its company-managed shops, like-for-like sales rose by 5.5% from the previous year. During the fourth quarter, total sales climbed by 7.7% compared to the same period last year, with like-for-like sales in company-managed shops up by 2.5%.

By the end of 2024, Greggs reported a cash reserve of £125 million, attributed to effective cost management in the final quarter. The Board expects the full year results for fiscal 2024 to align with its earlier forecasts.