Greggs, the UK bakery food retailer reports total sales up 7.4% for the fourth quarter.
The group said like-for-like sales rose 3.7% last year, but growth slowed in the final three months as it competed against a strong performance the previous Christmas.
The company continues to grow with 131 new shops opened in the year, (41 closures) with 1,854 shops trading at the end of December 2017. The company also said it planned to ramp up shop openings in 2018.
Looking forward, the company expects industry-wide cost pressures to continue in the year ahead, albeit at a lower level than experienced in 2017.
In its latest trading update the company stressed 2018 will be a record year for investment in its supply chain as it installs many of the centralised manufacturing platforms that will provide the capacity for further growth of the business.
Commenting on the latest numbers Chief Executive Roger Whiteside said: "We finished 2017 well, delivering our seventeenth consecutive quarter of like-for-like sales growth, and anticipate that we will report full year results for 2017 in line with our previous expectations.
The market responded positively to the latest upbeat trading figures from Greggs, the company's share price rose over 3% in early morning trading to 1348.