Greggs Reports 2.5% Sales Growth as It Opens First International Store in Tenerife
Updated
Updated · Retail Week · May 12
Greggs Reports 2.5% Sales Growth as It Opens First International Store in Tenerife
12 articles · Updated · Retail Week · May 12
Greggs said like-for-like sales at company-managed stores rose 2.5% in the first 19 weeks of 2026, with growth accelerating to 3.3% over the most recent 10 weeks.
Tenerife became the chain's first international expansion move, announced alongside the trading update as Greggs pushes beyond its UK base.
Roisin Currie used the update to address price rises, the ongoing Middle East conflict and youth employment, tying broader economic and social pressures to the business outlook.
After its Belgian failure, can Greggs prove its British formula can finally succeed in a foreign market like Tenerife?
Can Greggs' new Tenerife store thrive amid local anti-tourism protests, or will it become a symbol of the island's problems?