Greggs boosts portfolio with more than 200 store openings in 2025

Greggs opened four new shops per week on average over the course of 2025, amounting to 207 new outlets for the year.

In its Q4 2025 trading update, the bakery giant revealed it had also closed 86 shops, consisting of 50 relocations and 36 closures.

Its total portfolio at year-end was 2,137 company-managed shops and 602 franchised units.

During the period, Greggs also opened three smaller-format Bitesize Greggs shops, which were launched in November to target high-footfall locations and travel hubs.

It stated it expected a “similar rate and profile” of estate growth in 2026, predicting 120 net new stores.

However, the chain also confirmed it is now “past the peak” of its capital expenditure programme following the completion of the ‘build phase’ of two new distribution centres.

It added consumer confidence would most likely “remain a market headwind” in the year ahead, which could put “some temporary pressure on margins”.

For the 13 weeks ended 27 December 2025, total sales grew 7.4% on 2024, with like-for-like sales in company-managed shops rising by 2.9%, which Greggs blamed on subdued consumer confidence and weather extremes.

The baker added it had increased its market share within the breakfast and evening categories through the offer of a three-part Breakfast Deal and seasonal favourites.

Roisin Currie, chief executive of Greggs, said: “We made good progress in 2025, in a challenging year where subdued consumer confidence impacted the food-to-go market. Against this backdrop, I’m pleased that Greggs outperformed the wider market and increased its market share of visits.

“We enter 2026 with a strong pipeline of new opportunities to make Greggs even more convenient for customers. This is underpinned by the investments we have been making in our supply chain capacity, which start to become operational this year. Our ongoing focus on efficiency allows us to deliver exceptional value to customers who are managing their budgets carefully.”

Greggs was founded in 1939 by John Gregg in Newcastle and the business has since expanded to become a leading UK food-on-the-go retailer.