Greggs has reported a 2.6% dip in like-for-like sales for the past 14 weeks.
The high street baker said the dip was “an improvement on the 3.5% decline in the second quarter but a smaller recovery than we had anticipated”.
It pinned the blame on “restraint in consumer spending and the adverse weather”.
However, it also pointed to a 5.9% rise in total sales in the 14 weeks to 6 October and said that new channels, including selling wholesale to the NAAFI and its four motorway service stations shops, were putting in a “strong performance”.
It also announced plans to build a second savoury manufacturing facility in the south of England in “mid-2013”.
Greggs said the £35m site would “provide the capacity to fulfil the significant growth potential for the brand in wholesaling, franchising and new shop openings whilst also further reducing logistical costs”.
Greggs now has a total store estate of 1,641 shops and plans to open another 100 new shops over the next 12 months.