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Baker Greggs to start selling croissants | |
(40 minutes later) | |
Greggs is to start selling croissants and pains au chocolat as it seeks to expand its breakfast range. | |
The announcement came as the UK's largest baker said the popularity of its existing breakfast products had helped it report a small rise in sales. | |
Like-for-like sales for the third quarter ending 2 October increased by 0.2%, down from 0.7% growth in the first half of its financial year. | |
Its breakfast bacon roll is now the company's best-selling sandwich. | |
Greggs chief executive Ken McMeikan said: "As we expected, the trading environment has been tough and is likely to remain so, with consumer spending continuing to be constrained and inflationary pressures building for next year. | Greggs chief executive Ken McMeikan said: "As we expected, the trading environment has been tough and is likely to remain so, with consumer spending continuing to be constrained and inflationary pressures building for next year. |
"We anticipate that like-for-like sales in the final quarter will be broadly flat and therefore marginally positive over the year as a whole." | "We anticipate that like-for-like sales in the final quarter will be broadly flat and therefore marginally positive over the year as a whole." |
He added that the company was keeping a "very tight focus" on costs. | He added that the company was keeping a "very tight focus" on costs. |
Greggs currently operates 1,451 shops. It said that its expansion programme was on track , having opened a net 32 new shops in the year to date. |