Greggs Lifts 2026 Outlook Amid Plans to Close 4 Factories and Cut Jobs

Key Facts

1Greggs raised its 2026 outlook following strong third-quarter trading and a 7.7% increase in total sales.

2The company plans to close four manufacturing sites, potentially affecting approximately 740 jobs as part of a restructuring plan.

Greggs PLC raised its 2026 outlook following strong third-quarter trading and a 7.7% increase in total sales. Proactive Investors reported that the company plans to close four manufacturing sites, a move that could potentially affect approximately 740 jobs as part of a restructuring plan.

The upgrade follows improved trading in the 13 weeks to September 26, 2026, driven by successful new product launches and more settled weather conditions. The restructuring program is expected to incur cash costs of about £60 million, while the company maintains its cost inflation forecast at approximately 2% for the remainder of 2026.