Greggs has reported solid Q4 results, with FY25 total sales rising 6.8% to £2.15 billion and company-managed shop like-for-like sales up 2.4%.

Fourth-quarter sales increased 7.4%, supported by continued market share gains, disciplined cost control and strong performance from value-led meal deals and seasonal products.

The baker, led by Northern Leader Roisin Currie, expanded its estate by 121 net new shops in 2025 and expects to open around 120 net new locations in 2026.

It expects FY25 profits to be in line with previous expectations and anticipates delivering a similar underlying profit level in 2026.