HomeBusiness NewsGreggs hits first loss in 36-years since float

Greggs hits first loss in 36-years since float

by LLB Finance Reporter
16th Mar 21 10:50 am

Greggs has had their first loss in 36-years since the company floated on the stock market amid the pandemic.

The sausage roll purveyor announced pre-tax loss of £13.7m in 2020 compared to £108.3m profit the previous year.

Sales fell to £811.3m from £1.17bn as Greggs were forced to close their doors during the multiple lockdowns last year.

During the first ten weeks of 2021, their partnership with just Eat helped offset some of the falls, with 9.6% of total sales coming from deliveries.

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