Third-quarter total sales rose 7.7%, with like-for-like sales in company-managed shops up 3.4%. Growth was driven by new product launches and more settled weather.
The group has opened 57 net new shops so far this year and continues to expect 100-110 net new shop openings in 2026.
Full-year cost inflation is still expected to be around 2%. Alongside accelerating sales growth, the full-year outlook has modestly improved from prior guidance, which had pointed to operating profits of around £188mn.
The shares were up 7.5% in early trading.
Our view
HL view to follow.
Greggs key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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