Hot spell sees slump in profits at Greggs

GREGGS has revealed a slump in profits as it was knocked by hot weather and caution among shoppers over their finances.

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The boss of the high street bakery chain said that many consumers are “saving rather than spending” due to continued pressure on their household finances.

The Newcastle-based business revealed that pretax profits fell by 14.3% to £63.5 million for the half-year to June 28, compared to a year earlier.

It said the first half of 2025 was impacted by “challenging market footfall, more weather disruption than in 2024” and increased costs.

Earlier this month, Greggs told shareholders that soaring temperatures in June dragged on demand for its hot food over the month.

Yesterday, the group added that it was also affected by heavy snow and strong winds in January.