Bakery chain Greggs has warned it could face an annual loss of £15million after sales slumped by almost a third amid the coronavirus crisis in Britain.
Chief Executive Roger Whiteside said last November that the chain would no longer be profitable as a business if sales continued at the rates seen under previous lockdowns.
The Newcastle-based bakery, which has axed more than 800 jobs due to the crisis, has now revealed like-for-like sales fell by nearly a fifth over its fourth quarter to January 2, running at 81 per cent of year-earlier levels.
Greggs added its total sales for the year have slumped by nearly a third - 31 per cent - to £811million.