Greggs PLC (LSE:GRG) chief executive Roisin Currie stressed that she is "clear on the strategic opportunities that lie ahead" as the bakery chain reported interim results that had largely been pre-released.
Total sales of £1.03 billion for the 26 weeks to 28 June, were up 7% on the prior year, with company-managed shop sales up 2.6% on a like-for-like basis and franchised shop LFL sales up 4.8%.
Profit before tax fell 14.3% to £63.5 million and operating profits declined 7.1% to £70.4 million.
This was all pretty much as stated in the profit warning at the start of the month.
Currie said the board's expectations for the full year remained "consistent" with the guidance given at that time.
"After a challenging start to 2025 we remain clear on the strategic opportunities that lie ahead. Through our disciplined estate expansion and focus on innovation, Greggs is evolving its offer further and making the brand more convenient for a wider range of customers.
"The outlook for cost inflation is unchanged and we are making great progress in building the supply chain infrastructure that will support the next phase of growth."