Greggs: hot weather blame game masking deeper problems, some analysts suggest

  • After Greggs PLC (LSE:GRG) issued an unscheduled trading update, where it lowered its full-year profit outlook, analysts said the baker's putting the blame on the hot weather did not ring true. Like-for-like sales growth slowed to 2.6% in the first half, which analysts at Panmure Liberum suggested meant that June sales were negative.