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Greggs Share Discussion Threads
Showing 3426 to 3449 of 3450 messages
|Hi phil, if you are about any thoughts on the WTB statement as a read
across to GRG?, on Costa that is, appreciate they are significant differences
between the two product offerings. TIA.|
|Starting to come back atm, looking for the recent low around 9.80 to be
tested. if this drifts towards £9 that may present a cracking longer
term buy point, on the proviso trading continues to develop as forecast.|
|Boots, Walkers crisps and Greggs cost cutting puts 1,400 UK jobs at risk
|EI, one of the best I can remember . Just one of my twenty one not joining in (ABF).
Portfolio managed to beat the FTSE250 today but couldn`t quite match the +1.64% on the FTSE100 , nearly though ;-)
Hope you had a good one.|
|phil, markets went parabolic!.|
|Happy to hold EI :-)
Canaccord retains 'hold' tp 1000p cut from 1050p|
|No sooner had I posted that and markets took off ).|
|Phil, think we may be going lower here short term, unless wider markets
go parabolic, impressed by the FY conference call on a longer term view.|
|Number 3 is a latte.|
|Top seller ;-)|
|dont think there is any pork in greggs sausage rolls|
|Subway’s ‘chicken’; is only about 50% chicken, report finds
By Natalie O'Neill
Published: Feb 28, 2017 4:51 p.m. ET
Only 50% chicken DNA found in sandwich meat, Canadian lab says
The study tested 10 pieces of chicken from Toronto-area Subways.
There’s fowl play afoot between the buns of Subway sandwiches, a new report claims.
The fast food chain’s “chicken”; contains only about 50 percent actual chicken DNA — and is chock full of soy filler, according to researchers who conducted lab tests in Canada.
The restaurant’s oven-roasted chicken contains a mere 53.6 percent chicken DNA and its chicken strips contain about 42.8 percent, according to an investigation by the Canadian news outlet CBC Marketplace.
By contrast, grocery store chicken weighed in at 100 percent, according to the news site.
Test results left a bad taste in the mouths of customers, who called it dishonest to label the meat chicken — when it’s basically half vegan.
“That’s misrepresentation,8221; slammed Toronto resident Irena Valenta.
For the Toronto-area study, independent DNA researcher Matt Harnden conducted biopsies on five pieces of the oven roasted chicken and five chicken strips, which are found in the restaurant’s popular wraps.
Researchers also tested other fast-food restaurant chicken and found higher percentages of poultry DNA, according to the report.
A&W’s Chicken Grill Deluxe, for example, averaged 89.4 percent chicken DNA, while McDonald’s MCD, +0.52% Country Chicken weighed in at 84.9 percent, the news outlet claimed. Wendy’s WEN, +0.65% grilled Chicken Sandwich scored 88.5 percent and Tim Hortons’ US:THI Chipotle Chicken Grilled Wrap averaged 86.5 percent.
Kevin Kane, a spokesman for Subway, declined to comment to The Post immediately on Tuesday, saying, “We will have a comment to share, probably this afternoon.”
But the company released a statement earlier in the day saying it “cannot confirm the veracity of the results of the lab testing.”
It added, “We are concerned by the alleged findings you cite with respect to the proportion of soy content. Our chicken strips and oven roasted chicken contain 1% or less of soy protein. We use this ingredient in these products as a means to help stabilize the texture and moisture,” the statement notes.
Subway will “look into” the matter with its supplier, it said.|
|GRG can't keep churning out large l4l increases imv,
particularly with multi year price freezes on many offers,
their breakfast deal as one example.
Large CAPEX spend continuing to modernise
manufacturing facilities, together with upgrading
the shop estate effectively rules out a special dividend over the next 2 years.
The investment supports shop estate expansion
coupled with efficiency gains, so it hopefully pays back quickly.
Some recent analyst comment on GRG looked too optimistic,
that changed yesterday, and as often happens may move too far in the
Sausage roll connoisseur Greggs (GRG) managed to bake in 4.2 per cent growth in like-for-like sales last year, which fed into a 7 per cent surge in total revenues.
Adjusted pre-tax profits rose 10 per cent to £80.3m, although even on a statutory basis, profits still grew by a respectable 3 per cent.
Much of that is down to growing demand for food to go, and more choices in terms of Greggs’ hot food and drink ranges. In fact, around 92 per cent of the store estate has now been refurbished into food on the go formats.
However, analysts have voiced their concern this morning about just how long this momentum can last, causing a 3 per cent drop in the shares.
Our recommendation is under review.
|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.|