Bakery chain Greggs have reported seeing a strong recovery following their reopening in April and in a bullish statement said its profits this year could bounce back to pre-Covid levels.
But with some caution then highlighted trading conditions remained highly unusual.
Back in March, the bakery chain reported its first ever loss in 36 years trading from the impact of Covid-19. At that point, any return to profitability was judged at Greggs to be next year at the earliest.
The return of healthy levels of footfall to high streets was credited as was pent up demand being realised.
Delivery business was also continuing to grow and add revenue.
Considering recent experience, and, if the government continue to ease restrictions in line with their roadmap, Greggs repeated their current expectation to return to profitability by the end of the year.
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Hospitality & Catering News: Bullish outlook from Greggs. – 10 May 2021 – Bullish outlook from Greggs.
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