Greggs profits set to bounce back to pre-pandemic levels

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Greggs profits set to bounce back to pre-pandemic levels
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The bakery chain reports a strong recovery in sales since the easing of UK lockdown restrictions.

A swift rebound in sales has prompted Greggs to says its profits this year could bounce back to pre-Covid levels.

Hotel Chocolat also said that, as a results of its successful trading, it would repay £3,1m of furlough funding it has received from the government.In March, Greggs reported its first full year loss in 36 years after battling a sales slump due to the coronavirus pandemic. While sales have recovered well in recent weeks, it noted that as coronavirus restrictions continue to relax it will face more competition from cafes and restaurants with indoor seating.

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