Greggs Announces Proposed Closure Of Four Sites, Resulting In 740 Redundancies Over 2.5 Years

Sept 30 (Reuters) - Greggs PLC GRG.L:

• GREGGS PLC - Q3 TRADING UPDATE

• GREGGS - PROPOSED CLOSURE OF FOUR SITES MAY RESULT IN CIRCA 740 REDUNDANCIES OVER TWO AND A HALF YEARS

• GREGGS: IMPROVED TRADING PERFORMANCE IN RECENT MONTHS AND CONTINUED STRONG COST CONTROL LEADS US TO EXPECT A MODESTLY IMPROVED OUTCOME FOR 2026

• GREGGS - PROPOSALS EXPECTED TO RESULT IN £60 MILLION CASH COSTS; £20 MILLION ANNUAL CASH SAVING IN 2028-2029

• GREGGS: Q3 LFL SALES IN COMPANY-MANAGED SHOPS RISING BY 3.4% COMPARED WITH SAME PERIOD IN 2025

• GREGGS: IN Q3 OF 2026, GREGGS DELIVERED 7.7% SALES GROWTH

• GREGGS - COST INFLATION EXPECTED AT CIRCA 2% LFL IN 2026

• GREGGS: SUBJECT TO CONSULTATION, WOULD RESULT IN CASH COSTS OF CIRCA £60 MILLION COMPRISING CAPITAL EXPENDITURE OF CIRCA £40 MILLION

• GREGGS: ANNUAL CASH SAVING IN PRE-TAX OPERATING COSTS FROM CONCLUSION OF CHANGE PROGRAMME IS EXPECTED TO BE CIRCA £20 MILLION

Further company coverage: GRG.L