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| Greggs stockpiles pork for sausage rolls ahead of Brexit | Greggs stockpiles pork for sausage rolls ahead of Brexit |
| (about 1 hour later) | |
| High Street bakery chain Greggs is stockpiling pork so that production of its sausage rolls is guaranteed in the event of a no-deal Brexit. | High Street bakery chain Greggs is stockpiling pork so that production of its sausage rolls is guaranteed in the event of a no-deal Brexit. |
| "We are preparing for the potential impact of the UK's departure from the European Union by building stocks of key ingredients," the firm said. | "We are preparing for the potential impact of the UK's departure from the European Union by building stocks of key ingredients," the firm said. |
| Around 20% of a Greggs sausage roll is made from pork. | Around 20% of a Greggs sausage roll is made from pork. |
| It has previously said a no-deal Brexit may mean it has to find alternatives for fresh tomatoes and lettuce. | It has previously said a no-deal Brexit may mean it has to find alternatives for fresh tomatoes and lettuce. |
| The bakery chain detailed its planning for the UK's departure from the EU with a trading update showing that total sales had risen 12.4% in the past 13 weeks. | The bakery chain detailed its planning for the UK's departure from the EU with a trading update showing that total sales had risen 12.4% in the past 13 weeks. |
| The Newcastle-based firm hailed "very strong" trading in the third quarter, but also warned that Brexit could put pressure on food and labour costs. | The Newcastle-based firm hailed "very strong" trading in the third quarter, but also warned that Brexit could put pressure on food and labour costs. |
| As well as stockpiling key ingredients the firm has also been acquiring some light equipment, "that could be affected by disruption to the flow of goods into the UK". | As well as stockpiling key ingredients the firm has also been acquiring some light equipment, "that could be affected by disruption to the flow of goods into the UK". |
| New stores | New stores |
| However, shares fell by 10% after it also said it expected fewer shop openings by the end of the year than it had previously forecast. | |
| Greggs now expects to have 90 net openings - taking closures into account - by the end of the year, down from a previous forecast of 100 net openings. | Greggs now expects to have 90 net openings - taking closures into account - by the end of the year, down from a previous forecast of 100 net openings. |
| Other main points in its trading update include: | Other main points in its trading update include: |
| The chain said it was continuing to trial evening openings, with deals for pizza and hot food available in some stores after 4pm. | The chain said it was continuing to trial evening openings, with deals for pizza and hot food available in some stores after 4pm. |