The cost of raw materials, energy and wages is rising, and Greggs is exposed to all three, meaning there could be challenging times ahead.
Some 500 shops will open until 8pm by the end of the year and new products will include jacket potatoes, hot yum yums with salted caramel sauce, and brownies with chocolate dipping sauce.But rising inflation and other costs could mean challenging times ahead, according to Charlie Huggins, head of equities at Wealth Club.
"But the group's near-term prospects still look rather unappetising given the extremely unsavoury cost outlook."Domino's reports fall in pre-tax profit The business said it faces three big challenges - food supply chain uncertainties arising from the Ukraine conflict, general food commodity price inflation, and the effect of cost of living concerns on consumer behaviour.
"With the exception of cheese, we have agreed prices in advance with suppliers of all our key ingredients, covering the remainder of 2022.
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