Greggs reveals new Tesco tie-up amid profit dip
Greggs has revealed it experienced a dip in profit during the first half of the year, despite new supermarket partnerships and product innovations.
For the 26 weeks to 28 June 2025, the food-to-go giant reported a 7.0% rise in total sales to £1.03bn, however, profit before tax fell 14.3% to £63.5m.
It said its first half was impacted by lower footfall, cost headwinds and “more weather disruption than in 2024”. Company-managed like-for-like sales rose 2.6%, while franchised shop LFL sales climbed 4.8%.
Elsewhere, the group opened 87 new shops and closed 56 (including 27 relocations), taking its estate to 2,649 outlets.
Its financial results come as it has reveals a new frozen food partnership with Tesco as part of its latest strategic update.
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The food-to-go brand will extend its popular ‘Bake at Home’ frozen range to over 800 Tesco stores and online from September 2025, marking a major expansion from its longstanding retail tie-up with Iceland Foods.
It is understood the new Tesco partnership is part of Greggs’ broader drive to reach more customers via multiple channels and grow its brand beyond the high street.
Chief executive Roisin Currie said, despite the company facing a “challenging” start to 2025, it remained “clear on the strategic opportunities that lie ahead,” and that innovations such as kiosk ordering and new “bitesize Greggs” formats would support its long-term growth goals.
“Through our disciplined estate expansion and focus on innovation, Greggs is evolving its offer further and making the brand more convenient for a wider range of customers.
Currie added: “The outlook for cost inflation is unchanged and we are making great progress in building the supply chain infrastructure that will support the next phase of growth.
“The Board’s expectations for the full year are consistent with the guidance provided in our last trading update on 2 July.”
9 Comments. Leave new
Maybe the fat jabs are having an impact on sales🤣😂
The truth of a profit dip for Greggs is most likely their deteriating quality. The pastry on sausage rolls i have bought in recent months has been literally as tough as old boot leather.
We all love greggs,but due to ncreased inflation wholesale,perhaps more deals might help or even 3 for 2,if you don’t like greggs to go somewhere else & stop complaining or moaning at the staff
We all love greggs,but due to ncreased inflation wholesale,perhaps more deals might help or even 3 for 2,if you don’t like greggs to go somewhere else & stop complaining or moaning at the staff
Well said , we don’t want miserable customers
My comment was to Ranjit , not Mike
Greggs is finished its last resort lunch place. Lots of better bakers, they will be busy in less than 5 years
You have to be crazy to buy over priced food from that company, they don’t care about there customers only profit
Well said , we don’t want miserable customers