Greggs shareholders have been handed a welcome reprieve, after the stock jumped 6.7% on Tuesday.

Beset by fears the UK had hit ‘peak Greggs’, the bakery chain’s stock had tumbled through 2025. Trading updates through the year showed stagnating like-for-like sales and lower profits.

However, a fresh update to investors this week showed like-for-like sales improving 2.5% in the first 19 weeks of the year. That growth ramped up to 3.3% in the past 10 weeks of trading, after a wet February. Greggs’ profit forecast remained unchanged, and is predicted to be flat year on year at around £170m.