Page last updated at 13:59 GMT, Wednesday, 13 January 2010

Greggs bakery sees rise in sales

Ken McMeikan: 'Greggs has a great value reputation'

Bakery chain Greggs has said it had a strong Christmas performance, selling more than a million mince pies a week.

Like-for-like sales, which strip out new store openings, rose 1.1% in the four weeks to 26 December, Greggs said. Sales of mince pies rose 6%.

But Greggs said the heavy snow and sub-zero temperatures had meant it had been a tough start to 2010.

The Newcastle-based firm also reiterated its intention to open 50 to 60 new stores this year.

Like-for-like sales for the financial year ending 2 January increased by 0.8%.

"I am very pleased with our sales performance, particularly over Christmas, in what has remained a challenging trading environment for the High Street," commented chief executive Ken McMeikan.

"The severe winter weather across the country has naturally brought particular challenges at the beginning of 2010.

"We are grateful for the enormous determination shown by our staff to maintain our service to customers under these testing conditions."

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