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A typical Greggs worker will receive a £700 bonus after making huge profits and saying sales would double by 2026.
Chief executive Roisin Currie said around 25,000 of its 32,000 employees will be rewarded in their March pay packages after “another year of rapid growth”.
The High Street baker typically distributes 10 per cent of its annual profits to employees who have worked there for at least six months.
This year’s £17.6 million bonus pot represents a little more, handing those eligible an average of £704 each.
A worker who works 22 hours a week and has worked there for six years will receive £765.
Bumper sales: Greggs chief executive Roisin Currie (pictured) said around 25,000 of its 32,000 employees will be rewarded in their March pay packets after “another year of rapid growth”.
And investors received a special dividend of 40 pence per share, plus an annual payout of 62 pence.
The donations came after profits soared 13.1 per cent to £167.7m last year.
Hot chicken goujons, potato slices and pizzas flew off the shelves along with his sausage rolls and oven-baked steaks as he expanded his evening hours.
This helped store sales rise 13.7 per cent to £1.8bn. Greggs sold around 250 million sausage rolls last year.
Currie, who has run the business since May 2022, said affordability was “at the heart of Greggs” and he does not plan to raise prices this year.
He said the group was “not pleased” with the difficulties facing the High Street, despite inflationary pressures easing.
“The consumer is still under pressure in terms of their disposable income,” he said.
In a last resort, he said he hoped Chancellor Jeremy Hunt would “put money in consumers’ pockets” in today’s Budget.
Currie said he is confident Greggs will double revenue by 2026, with sales up 8.2 per cent in the first nine weeks of 2024.
Matt Britzman, equity analyst at investment platform Hargreaves Lansdown, said: “Greggs is much more than just a gift, and its value offering puts it in a sweet spot among consumers still struggling with higher living costs. “.
Currie said Greggs will keep more stores open longer to attract customers who “pass by our stores on their way home from work, looking for quick and easy dinners and snacks.”
The shares rose 2.1 per cent, or 58p, to 2,774p yesterday.