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Britain's Greggs reiterates outlook in tough market

Tue, 02nd Aug 2022 07:14

LONDON, Aug 2 (Reuters) - British baker and fast food chain Greggs maintained its full-year outlook on Tuesday, saying its value offer was attractive in a market where consumer incomes were under pressure.

Greggs, known for its sausage rolls, steak bakes, vegan snacks and sweet treats, reported flat profit of 55.8 million pounds ($68.3 million) for the 26 weeks to July 2, reflecting the re-introduction of business rates, an increase in VAT sales tax and higher levels of cost inflation. ($1 = 0.8173 pounds) (Reporting by James Davey; Editing by Kate Holton)

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