Greggs Share Discussion Threads

[philanderer] 01/3/2017 18:13

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.

[essentialinvestor] 01/3/2017 15:58

phil, markets went parabolic!.

[philanderer] 01/3/2017 12:31

Happy to hold EI :-)

Canaccord retains 'hold' tp 1000p cut from 1050p

[essentialinvestor] 01/3/2017 10:58

No sooner had I posted that and markets took off ).

[essentialinvestor] 01/3/2017 09:35

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.

[essentialinvestor] 01/3/2017 09:15

Number 3 is a latte.

[philanderer] 01/3/2017 08:59

Top seller ;-)

[tjbird] 01/3/2017 07:32

dont think there is any pork in greggs sausage rolls

[tjbird] 01/3/2017 07:32

Subway’s ‘chicken’; is only about 50% chicken, report finds

By Natalie O'Neill
Published: Feb 28, 2017 4:51 p.m. ET

145
Only 50% chicken DNA found in sandwich meat, Canadian lab says
Julius Kielaitis/Shutterstock
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,” 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.

[essentialinvestor] 01/3/2017 06:39

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
other direction.

[philanderer] 01/3/2017 00:17

Investors Chronicle:

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.

[essentialinvestor] 28/2/2017 10:45

Nearly reached my next add level, hopefully later today under 9.70.

[philanderer] 28/2/2017 10:08

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.

[essentialinvestor] 28/2/2017 10:06

3 lots for me so far.

Comparatives are getting tougher, following multiple Q l4l sales increases.

[philanderer] 28/2/2017 10:02

'Greggs sales up as it warns on inflation'

[essentialinvestor] 28/2/2017 08:50

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.

[philanderer] 28/2/2017 08:46

I`ve added DOM ;-)

[essentialinvestor] 28/2/2017 08:31

Some more.

[essentialinvestor] 28/2/2017 08:04

Added at 9.90.

[essentialinvestor] 27/2/2017 13:59

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.

[sicker] 27/2/2017 12:30

2016 Preliminary Results - 28 February 2017

[essentialinvestor] 27/2/2017 12:19

Well not sure on short term but added a small amount myself today and
last week.

philanderer knows the company very well.

[uncle john] 27/2/2017 12:16

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?

[essentialinvestor] 14/2/2017 18:50

Looking to add, a few more decent down days would be welcome,
not sure about that in the current strong equity market.

[philanderer] 14/2/2017 17:59

Market report:

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.”