PRELIMINARY RESULTS FOR THE 52 WEEKS ENDED DECEMBER 2011
Greggs is the leading bakery retailer in the UK,
with over 1,500 retail outlets throughout the country,
serving freshly baked products to six million customers each week
RESILIENT SALES AND PROFIT PERFORMANCE
· Sales up 5.8% to £701m
· Like-for-like sales up 1.4%
· Pre-tax profit* up 1.1% to £53.1m
· Diluted earnings per share* up 4.0% to 38.8p
· Dividend per share up 6.0% to 19.3p: 27th consecutive year of dividend growth
· Record numbers of new shop openings: net addition of 84 new shops
· £21 million investment in two new bakeries completed on time and within budget
* before exceptional items: 2011 pre-tax credit £7.4m (2010: nil)
"Greggs performed well in 2011 in what was a very challenging time for the economy and the consumer. We have continued to make good progress towards our strategic objectives with a record number of shop openings across the UK, and investment in two major new bakeries in Newcastle and Cumbria.
