Top UK Stocks to Watch: Greggs shares pop as sales return to pre-pandemic levels
Joshua Warner
May 10, 2021 8:45 AM
Greggs sales benefit as the high street reopens, Provident confirms it is withdrawing from the home credit market, Centrica continues to see lower demand, Dignity’s new management prepare to shake things up, and Aquila Energy Efficiency Trust prepares an IPO in London.
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Top News: Greggs sees strong recovery as non-essential retail reopens
High street baker Greggs said sales have risen above pre-pandemic levels since non-essential retailers were allowed to reopen across the UK on April 12.
Things have been steadily improving for Greggs. Like-for-like sales were down 13.5% in the 18 weeks to May 8 compared to the same period in 2019, before the pandemic hit. However, that slide in sales contracted to just 3.9% in the last eight weeks as non-essential retailers reopened and traffic picked up on the high street. Like-for-like sales have seen ‘positive’ growth compared to pre-pandemic levels since April 12.