Greggs Shares Take a Hit: June’s Hot Weather Blamed for Sales Slump and Lower Profit Forecast

Shares of Greggs, the UK’s beloved bakery chain, tumbled sharply this week after the company warned of weaker-than-expected sales in June. The surprising culprit? A spell of unusually hot weather kept customers away from its shops, especially in the afternoons, and forced the company to downgrade its profit forecasts. The news has sent Greggs Shares sliding, shaking confidence among investors who had enjoyed steady growth in recent years.