Greggs lifts 2026 outlook: Greggs stock gains 4.50 percent

Published on 10/02/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 like-for-like sales rose 3.40 percent in 13 weeks. Greggs stock costs EUR 24.13 on October 2, 2026 after EUR 23.09, plus 4.50 percent.

Fotorealistische Bäckerei-Filiale mit frischen Backwaren im Schaufenster einer Einzelhandelskette — Greggs plc mit ISIN GB00B0H2K534 betreibt Filialen, ein realistisches Foto zeigt frische Backwaren im Schaufenster, Illustration mit AI erstellt.

Greggs (ISIN GB00B63QSB39) raised its 2026 outlook in a Q3 trading update dated September 30, 2026, while Greggs stock was up 4.50 percent at Lang & Schwarz on October 2, 2026 at 1:05 p.m. CEST versus the prior close of EUR 23.09. The update gives investors two signals at once: stronger recent demand and a costly supply-chain reset.

Sales accelerated in the third quarter

According to Investegate on September 30, 2026, total sales increased 7.70 percent in the 13 weeks to September 26, 2026. Like-for-like sales at company-managed shops rose 3.40 percent, accelerating from 2.10 percent in the first half of 2026.

The first 39 weeks of 2026 produced total sales growth of 7.40 percent and like-for-like growth of 2.60 percent. Greggs also reported 95 new shop openings and 38 closures during 2026, leaving 57 net new shops and a total estate of 2,796 locations at September 26, 2026.

Factory plan adds execution risk

The same update proposes consolidating manufacturing operations and closing four sites, subject to consultation. The company expects the changes to create annual pre-tax operating cost savings of GBP 20 million across the 2028 and 2029 financial years, while new distribution centers in Derby and Kettering are expected to increase costs in 2027.

Reuters reported on September 30, 2026, that Greggs lifted its annual profit outlook after the improvement in underlying sales. The company continues to target 100 to 110 net new shop openings in 2026, linking expansion with the need for more efficient production capacity.

Analysts remain divided

Investing.com listed a Neutral consensus from 16 analysts, including 6 Buy, 6 Hold and 4 Sell ratings. Its average 12-month target was GBp 1,873.90, while Barclays maintained a Buy rating with a GBp 2,300 target on October 1, 2026 and Deutsche Bank maintained Sell with a GBp 1,420 target.

Trading update keeps attention on execution

The next scheduled Greggs investor event is the Q4 Trading Update on January 14, 2027, according to the company's investor calendar. Until then, the key comparison is between accelerating like-for-like sales and the added costs of reshaping manufacturing and distribution.

Greggs was trading at EUR 24.13 at Lang & Schwarz on October 2, 2026 at 1:05 p.m. CEST, up 4.50 percent versus the Lang & Schwarz prior close of EUR 23.09 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Greggs stock.