Britain's Greggs raises profit outlook on improved trading

By Reuters News

LONDON, Sept 30 (Reuters) - Greggs GRG.L, Britain's largest fast-food chain, raised its annual profit outlook on Wednesday after underlying sales growth accelerated in the third quarter, helped by the launch of new products and more settled weather in August and September.

The group, best known for its sausage rolls, steak bakes, vegan alternatives and sweet treats, said like-for-like sales at company-managed shops rose 3.4% in the 13 weeks to September 26, having been up 2.1% in its first half.

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