
Greggs blames the weather as first-half profits drop 14%
In the 26 weeks to 28 June, pre-tax profit fell 14.3% to £63.5m, with total sales up 7% to £1.03bn. Operating profit declined to £70.4m from £75.8m in the same period a year earlier. Company-managed shop like-for-like sales rose 2.6%, while franchised shop …