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Tourists and domestic visitors to Vesta -Denda on Leicester Square outside the bakery Greggs, which is known as Meggs on July 28, 2024 in London, UK.
Mike Kemp | In the pictures Gets the image
Britain Baker Greggs with a high streets that became famous for its rolls with sausages and hot peak baking, warned on Wednesday that sales in June were affected by unusually hot weather in June.
The shares of the bakery network on Wednesday plunged about 15% after the company made a trading update, saying that there was no hot weather in the UK in June, and in June, such sales were authorized.
Similar sales have increased by 2.6%, in the first half of 2025 the total sales reached £ 1.03 billion (1.4 billion), which compared to 961 pounds last year, but the company stated that last month sold sales-shaped ones-as similar to sales. The second the hottest on June recorded in the UK .
Vegan sausage roll from Greggs’ exit in London in 2019.
Bloomberg | Bloomberg | Gets the image
Baker proved a hit with British consumers with sausages, chicken baking, jam and new Mac & Cheese – which became “viral” on social networks -The bestsellers.
While it did not specify whether the recent weather was particularly affected by the recent weather with a heat wave, the temperature increased to 33 degrees Celsius (91 Fahrenheit) in the south, British buyers probably chose the cooler proposal.
Greggs are expected to provide more specific details of what sales have been affected when it produces its temporary results in late July.
However, on Wednesday, he warns that “in light of the current trade conditions” full profit “can be modestly achieved in 2024.” The company seeks to continue the expansion disk, stating that it remains confident of reaching 140 to 150 clean holes per year.
“Greggs may feel warm, but not how he hoped,” said Mark Krauch, Etoro market analyst, in the e -mail comment when the company’s stock price is on Wednesday.
“For a brand that has created its success in accessibility and convenience, the immersion in demand raises eyebrows, especially if the drop should be strong,” he said.
“Of course, it is more difficult to sell hot sausage in a thermal wave, but the stretched consumer can be part of a larger picture. Inflation can be softened, but the wallets are still under pressure, and the GUGS’s offer can lose a little bit,” the hook added.
