date:May 17, 2012
scope to materially expand both its own store estate and other channels of distribution.
Like-for-like sales growth would, of course, be welcome. But we believe Greggs has the capability to tough it out in these markets, more so than many of its competitors with its strong value credentials. At the same time Greggs is remaining relevant to market developments through range development, they said.
They went on to describe proposed VAT changes on hot takeaway food as a worrying challenge.
Bla