date:Oct 15, 2012
UK baker Greggs has asserted a weak outlook as tighter consumer spending and poor weather continues to hit sales.
Like-for-like sales which exclude revenue from new stores were down 2.6% in the 14 weeks to 6 October a marginal improvement on the 3.5% decline in the spring.
Ken McMeikan, Greggs chief executive said the firm had been hit by higher flour and pork prices and that price rises are inevitable.
You are going to see some price rises coming through. We will do everything we can to ma