Greggs the Baker has reported much lower profits than expected - as a result, the company's share-price took a nose-dive this morning.
The Newcastle-based sandwich chain is blaming the bleak winter for a 4.4 per cent drop in sales in the last 17 weeks.
It has triggered a fall of more than seven per cent in the company's share price.
A spokesman says they do not expect any significant improvements in the short-term.
More top news
A woman is receiving hospital treatment after being sexually assaulted while walking her dog.
A look ahead at the forecast for the Tyne Tees region.
Five 'supermassive' black holes that were previously hidden by dust and gas have been uncovered by astronomers at the University of Durham.