Greggs is on a bold expansion spree, targeting 700+ new stores over the long term—with 100-110 planned this year—pushing its total shop count from 2,773 to 3,500. To fuel growth, they’re testing self-service formats like Greggs Express, strategically placing outlets near petrol stations, supermarkets, and campuses, while a revamped menu has already boosted sales to £1.1 billion in H1. Like-for-like sales rose, pre-tax profit jumped 20%, and shares surged as investors bet on their aggressive growth. But with supply chain scaling and lingering cost inflation risks, Greggs warns second-half profits could dip unless consumer spending rebounds.
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