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BonusesLatest NewsPay & benefitsTeam reward

Greggs employees to share £20.5m profits pot

by Kavitha Sivasubramaniam 4 Mar 2025
by Kavitha Sivasubramaniam 4 Mar 2025 Shutterstock / Hazel Plater
Shutterstock / Hazel Plater

Greggs staff are set to share profits of £20.5 million as the business revealed a spike in sales over the past year.

Eligible employees, including long-serving team members with six or more years of service who work 20-plus hours a week, will be awarded bonuses of £850 this month.

The payout comes as the bakery chain announced its pre-tax profits had increased by 8.3% since 2023, reaching £203.9 million in 2024.

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The North East-based business, which has more than 2,600 UK shops, reported sales exceeding £2bn, an 11.3% increase from 2023.

It attributed the jump in sales and earnings to extended opening hours, higher prices and the launch of new shops.

The group increased prices to offset the effects of wage hikes, as they simultaneously raised salaries for a significant portion of their staff.

In announcing the company’s record-breaking year, chief executive Roisin Currie explained it wanted to reward employees’ contributions.

She said: “Our people have worked tirelessly to deliver on our strategic ambition to further establish Greggs as a multi-channel food-to-go retailer and I want to acknowledge their efforts.

“It is thanks to their hard work, week after week, that we continue to grow, all the while maintaining the great prices, high quality products, and friendly service that keep our customers coming back, again and again.”

Despite Greggs’ successful year, its shares dropped by more than 10% this morning (4 March) due to slowing sales growth.

According to Currie, consumer confidence remains low in 2025, with a continuing trend of people prioritising saving over spending.

The company said customers remain concerned about living expenses, such as energy bills, mortgage payments, and rent prices.

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Kavitha Sivasubramaniam

Kavitha Sivasubramaniam is an experienced journalist, editor and communications professional who has been working in B2B publishing for more than 17 years. After graduating from Bournemouth University with a degree in Multi Media Journalism, Kavitha started her career in local and regional newspapers, before moving to consumer magazines and later trade titles, as well as PR. Specialising in pay and reward, she has been editor of a number of HR publications including Pay & Benefits, Employee Benefits, Benefits Expert, Reward and CIPP’s membership magazine, Professional. In June 2024, she won Pay, Reward and Employee Benefits Journalist of the Year at the Willis Towers Watson media awards. She was also named one of Each Person’s top 20 influential HR bloggers and managed a highly commended content team of the year in 2019.

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