Newcastle-based bakery giant Greggs plc said sales rose more than 10% in the latest three-month period and it affirmed previous guidance for the full year. 

The company, famous for its sausage rolls, said sales increased 10.6% for the 13 weeks to 28 September. It has opened a net 86 new shops year to date. 

“This growth was supported by menu development and further progress in extended trading hours and new digital channels,” the company said. “Our new over-ice drinks range is already available in 800 shops, and we now expect to extend this to a total of 1,000 shops by the end of the year.”

Greggs said it now expected the overall level of cost inflation for 2024 to be towards the lower end of the 4%-5% range it previously forecast. It said capital expenditure in 2024 would be in the range of £250 million to £280 million.

“Whilst acknowledging ongoing economic uncertainty, the Board expects the full year outcome to be in line with its previous expectations. The Board remains confident in the long-term growth opportunity for Greggs, and we are investing to support that growth.”