High street food giant Greggs has warned customers that their favourite items might be hit by price rises of up to nine per cent – including sausage rolls, steak beaks and sweet treats.
As the cost-of-living crisis takes hold, the big-name brand has confirmed that it might be forced to put up the price of its products, as it has to spend more on ingredients, packaging, and energy costs.
While the company has confirmed it has been working to keep product prices down while ingredients, packaging and energy bills have all risen around them, Greggs has also revealed that sales jumped 27.1 per cent in the 26 weeks to July 2, to total £694.5m.
Read more: Greggs sales soar by 27 per cent amid cost of living crisis
But this success for the retailer is having an impact behind the scenes after its manufacturing and running costs are set to rise, which could be passed on to customers as a result.
The retailer, which has over 2,200 shops across the UK, has also said they plan to extend opening hours across their estate.
Under the proposed rises at Greggs, here is the new pricing for some items:
- Sausage roll and vegan sausage roll - £1.30 (currently £1.20)
- Steak bake, chicken bake, and sausage and bean melt - £1.96 (currently £1.80)
- Yum Yum - £0.81 (currently £0.75)
- Triple chocolate doughnut and caramel doughnut - £1.09 (currently £1)
They revealed that 300 shops now trade until 8pm as a minimum, confirming that more stores will be open later by the end of 2022.
Greggs is also planning on opening 150 brand-new outlets by the end of the year too - with the company considering increasing their output to 3,000 stores total in the coming years.
The bakery giant will also offer more delivery services in order to gain more evening sales.
Now, delivery through Just Eat is available across from 1,180 shops, up from 1,000 at the start of the year.
Other plans from Greggs include allowing customers to customise their sandwich fillings as part of a new trial.
Roisin Currie, the chief executive who took over from Roger Whiteside earlier this year, said: “In a market where consumer incomes are under pressure Greggs offers exceptional value for customers looking for food and drink on the go.
“We are well positioned to navigate the widely publicised challenges affecting the economy and continue to have several exciting growth opportunities ahead, with a clear strategy for expansion.
“We remain confident in Greggs’ ability to deliver continued success.”
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