Greggs to overtake Subway to become Britain's largest fast food chain.
Wednesday, October 4, 2023
Gregg's expansion around the country showed no signs of slowing on Thursday as it overhauled Subway to be Britain's biggest fast-food chain
It could now expand to over 3.000 sites around the UK.
The company today reported a 20.8% jump in sales in the 13 weeks to the end of September as more shoppers flocked to shops to buy its reduced-price sandwiches and sausage rolls.
A net 145 new openings are anticipated by the end of 2023 (a record number of new openings each year).
"Price remains paramount. We see easing inflation in areas such as dairy and vegetable oils and lower volatility in energy. But we are still seeing inflation in areas such as proteins and flour." - Roisin Currie
Greggs Chief Executive Roisin Currie said: "Price remains paramount. We are seeing inflation easing in areas such as dairy and vegetable oils and less volatility in energy. But we're still seeing inflation in areas such as proteins and flour."
She added that there was no plan for a hike in prices on the shelves.
Greggs expanded its online offering by partnering with Uber Eats and said evening trading was an increasingly important part of its sale and represented 8.8 per cent of total sales.
Thursday night's trading has also been a priority at Mexican fast food chain Tortilla, the company said today, hoping to entice shoppers away from its premium restaurants into its stores by offering cheaper alcohol.
The autumn menu comprises a spicy chicken and vegetable baguette, cheeseburger with honey, mustard toast, vegetable bhaji flatbread, mozzarella and cheddar appetizers.
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