Greggs threatened by climate change

Greggs

• Climate change could be hurting sales growth at Greggs.
• Recent extremes of hot and cold weather have triggered four profit warnings and created volatility in Greggs' stock price, according to Barclays.
• Data from the Met Office show Britain is getting hotter and rainier as the years go by.

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LONDON — Climate change could be hurting sales growth at Greggs, the gigantic baked goods chain, according to an analysis of Meteorological Office data by Barclays.

Recent extremes of hot and cold weather have triggered profit warnings in recent years, moving Greggs' stock price, according to Barclays analyst Richard Taylor and his team. High temperatures hurt sales growth, their analysis shows.

See the rest of the story at Business Insider

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