Gregg's Xmas trading statement

DividendMax Ltd.

Gregg's Xmas trading statement

Chief Executive Ken McMeikan comments:

An excellent Christmas boosted our sales performance at the end of a tough year for high streets.  For the five week Christmas and New Year trading period ending 7 January 2012, total sales grew by 10.8 per cent and like-for-like sales by 5.1 per cent.

Highlights during the Christmas period included record sales of our award-winning sweet mince pies with more than seven and a half million sold since the launch of our seasonal range, a 27 per cent increase in sales of Festive Bakes and coffee sales up 21 per cent.

For our financial year as a whole (52 weeks ending 31 December 2011) total sales grew by 5.8 per cent and like-for-like sales by 1.4 per cent.

Companies mentioned