The country's cravings for sausage rolls shows no signs of slowing down as Greggs reports a near-20% increase in total sales during 2023.

Britain's most popular baker saw a like-for-like sales rise of 13.7%, with total sales boosted 19.6% to little more than £1.8b, from £1.51b the year prior.

The company opened a record 220 shops during the year, with 33 closures and 42 relocations resulting in a net 145 new shops.

"2023 was a year of further progress by Greggs.

"I am proud of our teams, who did a fantastic job serving more customers as we continue to grow our shop estate and offer greater availability through digital channels and extended trading hours," said cheif executive Roisin Currie.

She added: "We enter 2024 with plans to continue to invest in our shops and expand supply chain capacity to deliver the growth strategy, supported by our strong balance sheet.

"Our value-for-money offer, and the quality of our freshly prepared food and drink continue to evolve and position us well for further progress in the year ahead."

Demand for festive food remains high, with the bakers reporting a 9.4% growth in like-for-like sales in the fourth quarter of 2023.

FTSE 100

The UK's flagship share index, the FTSE 100, was down 19-points at 7,664 shortly after opening this morning.

Brent crude oil futures were up 0.35% today, trading at $77.86 per barrel.

Companies reporting today

  • J Sainsbury - Q3 trading statement
  • Greggs - Q4 trading statement
  • Hunting - Q4 trading statement
  • Persimmon -Q4 trading statement

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