||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Greggs Share Discussion Threads
Showing 3426 to 3450 of 3450 messages
|Nearly reached my next add level, hopefully later today under 9.70.|
|Greggs shares slip after results
Improving its product range - away from just sausage rolls and pasties and on to healthier items - has helped food retailer Greggs beat expectations with its full year figures.
But signs of a slowdown in like-for-like sales so far in the current year have knocked its shares back more than 3% to 980p - albeit they have risen 10% in the past three months.
Overall, profits for 2016 rose 105 to £80.3m, compared to forecasts of around £79m. Like for like sales climbed 4.2%, and while the company said trading in the current year was in line with expectations, like for like sales slowed in the eight weeks to February 25, up 2%. Analyst Darren Shirley at Shore Capital said:
Current like for like trading in the 8 weeks of the year-to-date has been subdued relative to recent years, with company managed like for like sales up 2.0% (said to be 2.9% excluding the New Year trading pattern), which is said to be inline in-line with management expectations. However, total sales are reported up 5.8% which is ahead of our full year expectation of 4.8%, so Greggs are a little ahead of our expectations at this still early stage of the year.
|3 lots for me so far.
Comparatives are getting tougher, following multiple Q l4l sales increases.|
|'Greggs sales up as it warns on inflation'
|CAPEX guidance may be tad higher than some anticipated,
some slowing in L4L, however this is following a long run of increases.
There is only so much their shops can sell, even when I pay a visit ).
Margins strong, reiterating cost inflation headwinds which looks reasonable.|
|I`ve added DOM ;-)|
|Added at 9.90.|
|Would just say be a little careful as GRG can move by a fat %
in either direction, on results.
If trading GRG it's the 2017 margin guidance I would look at, any downward revision
more likely we trade lower.|
|2016 Preliminary Results - 28 February 2017|
|Well not sure on short term but added a small amount myself today and
philanderer knows the company very well.|
|FWIW. This from Spreadex this morning.
Greggs PLC – Preliminary Results 2016
Since Brexit, Greggs has struggled to hit the levels it was at before the referendum, its highest price being a brief foray above £10.80 (it started 2016 at £13). It could well receive a revitalising boost on Tuesday however – or at least, it will if its January update is anything to go by. In a stark contrast to the statement it issued 12 months earlier, Greggs revealed that like-for-like sales in 2016 rose by 4.2% – and 6.4% in the fourth quarter, thanks to the company increasing the range of ‘healthy’; options – with total sales up 7%. The company went on to state that this performance should lead its full-year results to be ‘slightly ahead’ of what was previously expected.
Beyond those headline figures, CEO Roger Whiteside claimed that Greggs will ‘resist price increases as much as possible’ as inflation creeps higher, though the company does ‘expect an impact on margins’. Investors may want a further update on these pressures, and what impact they will have on Greggs’ outlook for 2017.
Worth a trade? Any opinions?|
|Looking to add, a few more decent down days would be welcome,
not sure about that in the current strong equity market.|
High street baker Greggs also suffered a rating downgrade. In the same note, Canaccord cut its rating to “hold” from buy” and slashed its price target to £10.50 from £13. Mr Parson said: “Rising costs ts and low EBIT margins leave it vulnerable to a volume decline when it, inevitably, has to push prices up.”
|I very badly underestimated the turn around so you are not alone.
My concern was multi year margin compression as I mentioned here at the time,
a the new model and new CEO has transformed the Company.
Few CEO's around who really add value, GRG have one imv.
A tough couple of years ahead for retailers, as sector share prices are reflecting,
and doubt that process is anywhere near finished yet.|
|I like Greggs. I sold out at around £5 a few years ago after a profit warning, the long-term CEO had changed, they were changing their 'model' from in-store to centralised bakeries and I was worried about the amount of competition on the High Street from the likes of Subway and myriad sandwich bars.
How wrong could you be?!|
|Another small amount this AM, £9 is very attractive longer term imv,
if we get to or under that level again intend to add to quantity.
The update was stronger than I was expecting.|
|Added a few.|
|zig, GRG flagged up the restructuring programme many times, this looks to be
the start of the second phase.
Their Twickenham bakery had been in operation for years was completely closed,
very difficult for all those concerned.|
|No one talking about the job loses|
|Good for CAKE
The owner of Patisserie Valerie is nearing a deal to take over an upmarket bakery chain founded by celebrity chef Raymond Blanc.
City A.M. understands Patisserie Holdings came out on top in a competitive bidding process for 13 Maison Blanc sites and has agreed terms for a deal, with the final details being ironed out|
A fourth quarter update from Greggs (GRG) shows the bakery chain enjoyed a strong finish to the year. Sales rose 7 per cent, while company-managed shop like-for-like sales rose 4.2 per cent, marking the thirteenth consecutive quarter of like-for-like sales growth. Customers seemingly enjoyed the seasonal favourites on offer and traditional mince pies, but food-on-the-go was still the main driver of sales.The group also logged 145 new shops openings in the year, 79 closures and 208 refits. All in all, full-year results are expected to be slightly ahead of current market expectations. Buy.
|Charles Stanley @_CharlesStanley 8 minutes ago
Greggs on a roll - by @GarryWhite
|500 @ 1027p for my wife this morning :-)
Plus ca change ;-)|
|CAKE been left well behind|