Chicken roll boost sales but Greggs warns of food inflation

Greggs has reported a 3.3% year-on-year sales growth, driven by the popularity of its new chicken sausage roll, despite warnings of potential food inflation due to the ongoing Iran war. The bakery chain plans to open 120 new stores this year but faces investor concerns about market saturation. While it has secured fixed energy costs for most of the year, rising costs and economic pressures could impact profits. Analysts suggest that while challenges remain, Greggs may not have reached its peak yet.