Greggs plc announced sales results for the five weeks ended January 5, 2013 and fifty two weeks ended December 29, 2012. For the five week trading period ended January 5, 2013 total sales grew by 4.3% and like-for-like sales were down 2.9% (five weeks ended January 7, 2012: up 5.1%). New wholesale and franchising revenues contributed 3.0% to total growth.

For the financial year as a whole (52 weeks ended December 29, 2012) total sales grew by 4.8% and like-for-like sales were down by 2.7%. New wholesale and franchising revenues contributed 2.8% to total growth.


In the year ahead the company will substantially increase investment in its core business by refitting 200-300 shops. In addition it expects to open 80-90 new shops, with around 30 closures, giving a net 50-60 new shops for the year. 

The company provided earnings guidance for the full year ended December 29, 2012. The company anticipates full year results to be broadly in line with expectations.