UK’s Greggs reports first ever annual loss after COVID sales slump By Reuters

LONDON (Reuters) – British baker and fast food retailer Greggs reported its first annual loss since listing on the stock exchange in 1984 after the COVID-19 pandemic hammered shopper numbers.

Greggs, best known for its sausage rolls, steak bakes and vegan snacks, said on Tuesday it made a year to Jan. 2 pretax loss of 13.7 million pounds ($19 million), having made a record profit of 108.3 million pounds in 2019. Total sales fell 31% to 811 million pounds.