Greggs Says On Track To Deliver 2011 Results In Line With View

LONDON (dpa-AFX) - Greggs Plc (GRG.L) provided Christmas and new year trading update.

For the five week Christmas and New Year trading period ended January 7, 2012, total sales grew by 10.8 percent and like-for-like sales by 5.1 percent. The company noted that an excellent Christmas boosted its sales performance at the end of a tough year for high streets.

For 52 weeks ended December 31, total sales rose by 5.8 percent and like-for-like sales by 1.4 percent.

Further, Greggs said it is on track to deliver 2011 results in line with expectations. The company anticipates that the tough trading environment will continue during 2012, with consumers' disposable incomes remaining under pressure.

Copyright RTT News/dpa-AFX