FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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Company card

Greggs plc

Medium
Brandest. scale

LSE Main Market GRG.L · Europe

Listing status
listed
Operating model
Mixed direct + franchise
Scale basis
Revenue proxy
Confidence
Medium
Segment
bakery qsr

Use Greggs primarily as a direct food-to-go operator benchmark; franchise LFL system-sales evidence helps explain the B2B channel but is not full terminal GMV.

Scale basis note

Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
2,739 stores
FY2025 (52 weeks ended 27 December 2025): 2,739 shops as at 27 December 2025 … 121 net openings in 2025
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · 2,739 shops as at 27 December 2025 … 121 net openings in 2025
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Scale
Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
$2.89B
FY2025 (52 weeks ended 27 December 2025): Total sales £2,151m … Total sales up 6.8% on 2024
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Total sales £2,151m … Total sales up 6.8% on 2024
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Revenue proxy
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$1.05M
Screening proxyest.
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$164.13M
FY2025 (52 weeks ended 27 December 2025): Profit for the financial year attributable to equity holders of the Parent £122.2 million … Underlying profit before tax £171.9 million
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Profit for the financial year attributable to equity holders of the Parent £122.2 million … Underlying profit before tax £171.9 million
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$2.89B
GBP2,151.2M FY2025 total revenue/sales: GBP1,897.2M retail company-managed shops and GBP254.0M business-to-business channel.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: S3 Official Annual Report Revenue With Segment Split

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$2.36B
May 22, 2026: Greggs has a market cap or net worth of 1.7 billion as of June 24, 2026. Stock price 1,664.00 GBX. At ~101.9m shares × 1726p (May 22) × 1.342 USD/GBP ≈ $2.36bn.
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · Greggs has a market cap or net worth of 1.7 billion as of June 24, 2026. Stock price 1,664.00 GBX. At ~101.9m shares × 1726p (May 22) × 1.342 USD/GBP ≈ $2.36bn.
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

11/19 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
sandwich bakeryS3 supplementary (opens in new tab)
Cuisine (secondary)
coffee cafe
Service model
QSRtier3_reference (opens in new tab)
Price tier
valuetertiary (opens in new tab)
Company
Founded
1,939secondary (opens in new tab)
HQ country
United Kingdomsecondary (opens in new tab)
CEO
Roisin Curriesecondary (opens in new tab)
Employees
25,208 headcountsecondary (opens in new tab)
Ownership
Parent
Independent / public-standalone (Greggs plc; LSE:GRG). ~88% institutional, no controlling shareholder (top holders Vanguard/BlackRock ~5% each)news/aggregator (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
Revenue YoY
6.8%S1 official primary (opens in new tab)
Net new units
121 unitsS1 official primary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
20.1%primary (opens in new tab)
Loyalty members
not disclosed
Franchise terms
Royalty
6%secondary (opens in new tab)~
Franchise fee
not disclosed
By-market footprint
Europe
2,739 storesS1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed8/8 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
2,739 stores
FY2025 (52 weeks ended 27 December 2025); shops in operation at year end 27 December 2025 (2024: 2,618)
Source-backedS1 official primary (opens in new tab)
Company-operated
around 2,100
FY2025 (52 weeks ended 27 December 2025); position as at 27 December 2025
Source-backedS1 official primary (opens in new tab)
Franchised
remainder of over 2,700 (i.e. approx. 600-640; not stated as a discrete number)
FY2025 (52 weeks ended 27 December 2025); position as at 27 December 2025
Source-backedS1 official primary (opens in new tab)
New units opened
121 stores
FY2025 (52 weeks ended 27 December 2025) — net new shops opened during the year
Source-backedS1 official primary (opens in new tab)
Other disclosed
50 stores
FY2025 (52 weeks ended 27 December 2025) — relocations completed during the year
Source-backedS1 official primary (opens in new tab)
Other disclosed
116 company-managed refits + 47 franchise refits
FY2025 (52 weeks ended 27 December 2025) — refits completed during the year
Source-backedS1 official primary (opens in new tab)
Other disclosed
2.4%
FY2025 (52 weeks ended 27 December 2025); 2024: 5.5%
Source-backedS1 official primary (opens in new tab)
Other disclosed
4.3%
FY2025 (52 weeks ended 27 December 2025); 2024: 7.4%
Source-backedS1 official primary (opens in new tab)

Single-store model

6/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Year-end shop count; revenue period 52 weeks. Includes delivery sales via shops.
~£866k per company-managed shop/yr (£1,781.7m company-managed retail revenue / 2,057 company-managed shops); ~£16.7k/week.
FY2024 (52 weeks to 28 Dec 2024)
EstimatedS1 official primary (opens in new tab)
Single-store profit
Segment trading profit excludes central overheads; NOT a per-shop four-wall margin.
Company-managed retail segment trading profit £277.3m on £1,781.7m = 15.6% (before central overheads). B2B/franchise segment trading profit £55.5m on £232.7m = 23.9%. Group underlying operating margin 9.7% (£195.3m).
FY2024 (52 weeks to 28 Dec 2024)
Source-backedS1 official primary (opens in new tab)
Initial investment
Do not divide group capex by openings.
—
FY2024 (52 weeks to 28 Dec 2024)
GapS1 official primary (opens in new tab)
Franchise fee / royalty
B2B revenue mixes franchise and grocery wholesale.
B2B channel revenue £232.7m = product sales to franchise+wholesale partners PLUS a licence fee charged to franchise partners. Franchise system sales £280.1m FY2024. Licence-fee rate NOT disclosed; franchise income bundled with grocery wholesale.
FY2024 (52 weeks to 28 Dec 2024)
Source-backedS1 official primary (opens in new tab)
Payback period
Estimating without inputs would be unfounded.
—
FY2024
GapS1 official primary (opens in new tab)
Same-store sales
Missed internal target; Q4 decelerated to +2.5%.
LFL sales in company-managed shops up 5.5% YoY (LFL revenue £1,564.0m vs £1,444.3m). Franchise LFL system sales +7.4%; Q4 company-managed LFL +2.5%.
FY2024 (52 weeks to 28 Dec 2024)
Source-backedS1 official primary (opens in new tab)
Store open / close
Movement NOT split company-managed vs franchised; only year-end stock split given.
FY2024: 226 gross openings, 28 closures, 53 relocations = 145 net new; estate 2,618 (2023: 2,473). 2025 guidance 140-150 net incl 50 relocations.
FY2024 (52 weeks to 28 Dec 2024)
Source-backedS1 official primary (opens in new tab)
Company-operated share
Split from Q4 Trading Update, not headline Prelim.
2,618 shops at 28 Dec 2024 = 2,057 company-managed (78.6%) + 561 franchised units (21.4%).
FY2024 year-end (28 Dec 2024)
Source-backedS1 official primary (opens in new tab)

Cost structure

3/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS38.3%
FY2024· cost of sales (vertically integrated own bakeries)S1 official primary (opens in new tab)Source-backed
Rev GBP2,014.4m. Cost of sales 38.3 (own bakeries materials+production)/total personnel 34.1 (spread across lines). Rent&marketing inside distribution&selling -> gap. Underlying op margin 9.7; statutory 10.4.
Labor34.1%
FY2024S1 official primary (opens in new tab)Source-backed
Rev GBP2,014.4m. Cost of sales 38.3 (own bakeries materials+production)/total personnel 34.1 (spread across lines). Rent&marketing inside distribution&selling -> gap. Underlying op margin 9.7; statutory 10.4.
Rent / occupancy—
FY2024Gap
Rev GBP2,014.4m. Cost of sales 38.3 (own bakeries materials+production)/total personnel 34.1 (spread across lines). Rent&marketing inside distribution&selling -> gap. Underlying op margin 9.7; statutory 10.4.
Delivery commission—
FY2024Gap
Rev GBP2,014.4m. Cost of sales 38.3 (own bakeries materials+production)/total personnel 34.1 (spread across lines). Rent&marketing inside distribution&selling -> gap. Underlying op margin 9.7; statutory 10.4.
Marketing—
FY2024Gap
Rev GBP2,014.4m. Cost of sales 38.3 (own bakeries materials+production)/total personnel 34.1 (spread across lines). Rent&marketing inside distribution&selling -> gap. Underlying op margin 9.7; statutory 10.4.
Operating margin9.7%
FY2024· group_underlyingS1 official primary (opens in new tab)Source-backed
Rev GBP2,014.4m. Cost of sales 38.3 (own bakeries materials+production)/total personnel 34.1 (spread across lines). Rent&marketing inside distribution&selling -> gap. Underlying op margin 9.7; statutory 10.4.
Not separately disclosed17.9%

Supply chain

2 suppliers · 0 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Marlow Foods (Quorn)
Ingredients
discloses as: Greggs plc
—named (no % disclosed)S3 newssource (opens in new tab)
Swisslog
Logistics / cold chain
discloses as: Greggs plc
—named (no % disclosed)S3 newssource (opens in new tab)