London Stock Exchange celebrates Greggs 40th anniversary
London Stock Exchange congratulates Greggs on its 40-year anniversary as a London-listed company.
Greggs is a leading UK food-on-the-go retailer with more than 2,500 shops nationwide and approximately 32,000 employees.
First founded in 1939 by John Gregg, then delivering fresh eggs and yeast by pushbike to the families of Newcastle, Greggs went on to float on the London Stock Exchange in 1984 with a market capitalisation of £15 million. In 1984, Greggs had an estate of just over 260 shops but the company has since evolved into one of the UK’s leading food-on-the-go retailers with a clear purpose to make great tasting, freshly prepared food accessible to everyone. Over the past four decades, Greggs has made significant investments into its supply chain and business model, transforming the company into a vertically-integrated, modern food-on-the-go operator with a broad product range.
As a result of these investments, and its clear growth strategy, Greggs has delivered significant value to its shareholders. In its 40th year as a publicly listed business, Greggs announced record annual revenues of £1.8bn and profit before tax of £188.3m for the 2023 financial year. The company also revealed a substantial capital expenditure programme to further develop its manufacturing capabilities and build capacity to support circa. 3,500 shops across the UK.
‘Doing the right thing’ has always been part of the Greggs DNA, and in 2021 the company launched its first official sustainability report, The Greggs Pledge, which sets out clear commitments and targets which aim to make the world a better place by the end of 2025 and beyond.
“Celebrating our 40th anniversary as a listed company is a proud moment for all of us at Greggs. Over the past four decades, we have grown from a regional bakery to a leader in the UK’s food-on-the-go sector, thanks in no small part to the hard work of our colleagues and the loyalty of our customers. We look forward with excitement as we continue to grow the business and bring our great quality, great tasting and fantastic value offering to our customers, whenever, wherever and however they choose to shop with us.”
Roisin Currie
Chief Executive of Greggs plc
Find out more about Greggs Corporate.
