||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Greggs Share Discussion Threads
Showing 3401 to 3424 of 3425 messages
|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|
|Interesting rise before tomorrows update :-)|
|Although shares in some retailers are taking a bit of a hammering today, independent retail analyst Nick Bubb tells us that his 2016 share tip - the online fashion seller Boohoo.com - was a spectacular success, rising a rather impressive 264% last year.
"Just as our gut feel in 2016 was to go for an online stock, our gut feel about 2017 is to go for a food retail stock, given the likely benefit from higher food price inflation. Tesco is obviously one for the short list, but our eye has been drawn to Greggs, which, after a stellar 2015, underperformed in 2016 (minus 26% at 970p) and we are going to play safe and go for that as our 2017 tip, so come on you Greggs!" he writes.
This lunchtime the shares are trading at 977.5p - down 2p.
|Looks that way, maybe a few blips on the journey but back over 1000p by New Year IMO. Ridiculously long queue at our local this morning, maybe need more staff at this time of year?|
|Upward momentum, looks like we reached the bottom. Err, somethingstupod, can you show us the chart please, I'm intrigued.|
|Something - think you have misspelt the last part of your username.
Don't hold GRG, still on the watchlist but like the management & defensive qualities of the Co. More chance of you making an informed comment than the share price here going to 400p....|
|400p coming on chart
new lows coming|
|Wish I bought a few more!, always easy after the event.|
|Had a very small amount.|
|Market appears to be focussed on the 2017/18 margin challenges imv.|
|What GRG have as one of their main attractions is inherent flexibility in the
store estate, certainty in the context of retail.
Look at the numbers of store closures as they relocate from many of their more
traditional locations, that is a powerful advantage longer term.|
|Morning EI , fair summary , applies to a lot of companies now. Good management here , and at DOM too :-)
Greggs provides positive Q3 update
Baker Greggs (GRG) is thinking progressively and has successfully positioned itself in the food-to-go market.
Shore Capital analyst Clive Black retained his ‘hold’ recommendation on the stock but does not have a target price following a Q3 trading update. It revealed total sales increased 5.6% year-on-year.
‘Greggs has been a very good investment in recent times, reflecting what we believe has been commendable work by [chief executive Roger] Whiteside and [finance director Richard] Hutton to reposition the offer to be much more relevant to the evolving food-to-go market,’ he said.
‘As such, the group has greater relevance today than it has had for some years and can, therefore, explore estate expansion with more confidence. Additionally, management is progressively thinking about the group’s supply chain and logistics base, taking quite fundamental actions over the rest of this decade to structurally adjust the operating cost base and capacity of the business.
‘We see merit in all these moves, albeit we point out that the infrastructure work comes at a considerable capital cost.’
The shares finished yesterday 1.6% higher, up 16.4p, to £10.62.
|Phil, the cost inflation headwind would be my main concern over
the next 12 months, listened to the conference call on the last results
and this was evident.
Solid enough results though, had been a tad cautious on seeing the chunky FD
sale in August.|
|Canaccord 'buy' tp 1300p .. reiterates|
|'Greggs warns about costs rising on back of weak sterling'
Greggs has warned that ingredient prices will rise next year in part owing to the weaker pound but the bakery chain has promised that the costs of its sausage roll and pies as well as newer healthier ranges will only rise as a “last resort”.
Telegraph market report:
Elsewhere, high-street bakery chain Greggs ticked up 5p to £10.51 after it pointed to sales growth of 2.8pc in the 13 weeks to October 1. However, it cautioned higher ingredients prices and the depreciation in the pound will push costs up next year. In its wake, broker Investec lowered its target price to £12.25.
|Greggs’s health kick pays off as salads and yoghurts help lift sales...
|Main headwind is cost pressures likely increasing through 2017.
Can they pass through prices increases in the current market?.|