The bakery chain made £2 billion in annual sales for the first time last year, but warned of ‘lower consumer confidence’ in recent months.
Due to increasing labor costs and a challenging economic environment, Greggs, a popular British bakery chain, is planning to raise prices in 2025. Although the company saw revenue growth and strong sales in the fourth quarter of 2024, they acknowledge that consumer confidence is low and predict a more difficult market in the coming year. However, Greggs remains confident in its value proposition and ability to maintain market share through its product quality and pricing strategy.
Due to increasing labor costs and a challenging economic environment, Greggs, a popular British bakery chain, is planning to raise prices in 2025. Although the company saw revenue growth and strong sales in the fourth quarter of 2024, they acknowledge that consumer confidence is low and predict a more difficult market in the coming year. However, Greggs remains confident in its value proposition and ability to maintain market share through its product quality and pricing strategy.
