Greggs increased its full-year profit forecast for the second time in less than seven weeks after strong sales of its bakes, mince pies and hot drinks over the Christmas period.
The bakery chain said that like-for-like sales for the year in its company-managed stores had risen by 2.9% on the back of growth of 5.2% in the final quarter, while it had added 100 net new stores.
As a result, it said it expected underlying pre-tax profit to be at least £88m. It lifted its guidance from about £82m to at least £86m as recently as the end of November.
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