Greggs has blamed the rain for recent dips in sales and profits.
Like-for-like sales were down 2.3% for the past six months, but down 3.5% in the most recent quarter. Pre-tax profits, meanwhile, fell by 4.6% to £16.5m.
The high street baker said the weakened performance was due to the wet weather keeping lunchtime shoppers off the high street.
But Greggs insisted the new ‘Greggs Moment’ and ‘Greggs the Bakery’ formats were “progressing well” and its Iceland frozen range was selling “very strongly”. It also highlighted plans to expand into 30 Moto service stations after two successful trials.
“Total sales growth of 4.5% reflects the good performance from our new shop opening programme and strong growth in wholesale volumes,” said chief executive Ken McMeikan.
“The market remained challenging and was particularly impacted by the record levels of rainfall in the second quarter, with UK high street footfall down over 7%. Greggs was not immune to this.”
McMeikan warned that “conditions for consumers are likely to remain challenging in the second half” of the year.