Company-managed shop like-for-like sales declined 49% during the half.Greggs said company-managed shops reached 72% of 2019 levels in the most recent week to 25 July. By using our website, you agree to the use of cookies as described in our Greggs is a strong and trusted brand and we draw on our heritage in fresh bakery to compete successfully in the food-on-the-go market. The business is handing shareholders a £35m special dividend after total sales rose 14.7% to £546m.In 2016, Greggs weren’t in the takeaway breakfast market but now only McDonalds sells more takeaway breakfasts. He implemented some radical changes, including closing the in-store bakeries, and introducing the ‘Balanced Choice’ range of products with less than four hundred calories, healthier options to the traditional product range.And it’s worked. The aim is to change the emphasis of the business so that it is 60% non-high street by the time it has 2,500 shops.Part of this is having many of its stores open earlier and close later, in order to target those going to and coming back from work, expanding its breakfast menu to suit, and with ‘Greggs à la carte’ stores to open late to 9pm to lure evening takeaway diners.As well as its new drive-through locations, the company is trialing a click-and-collect service, as well home and office delivery by Just Eat and Deliveroo. By managing our own logistics operation, we can remain focused on the customer, delivering what our shops and customers need, on time and in full.As ‘on-the-go’ eating habits change, we have built on our existing estate of shops to take Greggs to where our customers want us to be.As a result, we can now be found in retail parks, shopping centres, industrial estates and office parks. Therefore, there are no Greggs franchise opportunities available. Look at Ikea, and The Billy bookcase. It will also not pay an interim dividend for 2020.Chief executive Roger Whiteside said: "Following successive years of unbroken growth Greggs made a great start to 2020, coming into the year with momentum and clear strategic plans. "Whilst these are early days, Greggs is already showing that the variety and geographical reach of our shop estate, combined with the broad appeal of the brand, which is not materially dependent on office-based workers, means we are less impacted by social distancing than many," it said.Most of its shops are in towns and suburbs, or catchments that are generally accessed by car. The builder can still come off the building site and get a hot pasty, but there are also salads. ‘It’s a northern thing’ no longer serves as an explanation.
Greggs said company-managed shops reached 72% of 2019 levels in the most recent week to 25 July. Greggs remains a much-loved brand with long-term growth opportunities and the business is better placed to adapt to new conditions than ever before.” Read More Last year, the chain made a pre-tax profit of £36.7 million in the first half of the year, but swung to a £65.2m loss in the six months to July. "© 2020 WebFG and Media Limited or its affiliated companies. Oh how the Prêt crowd sniggered into their avocado and crayfish salads.
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