{"id":1671018,"date":"2022-10-04T03:07:43","date_gmt":"2022-10-04T07:07:43","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1671018"},"modified":"2022-10-04T03:07:54","modified_gmt":"2022-10-04T07:07:54","slug":"britains-greggs-shows-resilience-with-quarterly-sales-rise","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/britains-greggs-shows-resilience-with-quarterly-sales-rise\/","title":{"rendered":"Britain\u2019s Greggs shows resilience with quarterly sales rise"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbritains-greggs-shows-resilience-with-quarterly-sales-rise%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1671018&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>LONDON (Reuters) -British baker and fast food chain Greggs said on Tuesday it traded well in its latest quarter, showing its resilience against the backdrop of a worsening cost of living squeeze.<\/p>\n<p>Confidence levels among Britain\u2019s consumers sank to a record low last month as they struggle with the accelerating cost of living, even before the government\u2019s mini-budget sowed turmoil in the mortgage market, leading to warnings of a sharp drop in house prices. Wages are failing to keep pace with inflation that was 9.9% in August.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>However, Greggs, known for its sausage rolls, steak bakes, vegan snacks and sweet treats, said its total sales rose 14.6% over the 13 weeks to Oct. 1 year-on-year, with like-for-like sales in company managed shops up 9.7%.<\/p>\n<p>\u201cGreggs continues to trade well in an environment where cost pressures are significant,\u201d it said.<\/p>\n<p>It kept its guidance for full-year cost inflation of about 9% and said it expected the full year outcome to be in line with its previous expectations.<\/p>\n<p>Greggs said in March it did not expect material profit growth in the current year on the 145.6 million pounds ($165.2 million) made in 2021 due to the higher cost of raw materials, energy and staff.<\/p>\n<p>($1 = 0.8814 pounds)<\/p>\n<p> (Reporting by James Davey, Editing by Kylie MacLellan and Louise Heavens)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/britains-greggs-shows-resilience\/attachment\/a-christmas-themed-window-display-at-a-branch-of-greggs\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9309U-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9309U-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -British baker and fast food chain Greggs said on Tuesday it traded well in its latest quarter, showing its resilience against the backdrop of a worsening cost of<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1671018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1671018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1671018"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1671018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1671018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1671018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1671018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}