Is the UK's beloved bakery chain, Greggs, facing a decline in popularity? Recent reports indicate that the company's profits have taken a hit, with a 17.9% drop in statutory pre-tax profits to £167.4m for the year ending December 27th. This slump comes amidst a challenging market, with rising costs and changing consumer habits putting pressure on the bakery's sales. But is this a temporary setback or a sign of 'peak Greggs'?
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