Greggs have said that they are planning to open a further 160 stores over the year after opening a record 202 shops in 2023.
On a net basis the high street bakery chain are set to open between 140 and 160 new shops.
In the fourth quarter they posted a 9.4% rise in like-for-like sales with a comparable store growth of 13.7% in 2023.
Greggs said that they are expecting a “more stable cost base in the coming year.”
They added, “Wage inflation remains, although higher rates of pay across the economy will also provide support to consumer incomes,” according to the group.
Roisin Currie, chief executive of Greggs said, “We enter 2024 with plans to continue to invest in our shops and expand supply chain capacity.”
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