Greggs improves outlook while proposing four factory closures
Greggs ($GRG) reported a 7.7% increase in third-quarter sales, including 3.4% like-for-like growth in company-managed shops, and modestly improved its full-year outlook. Alongside that trading update, it began consultation on plans to close four manufacturing sites over approximately two and a half years, potentially affecting around 740 roles as production moves into its reshaped network. The proposed changes would require about £60 million of cash expenditure, including £40 million of capital
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