Greggs Share Discussion Threads

[chesty1] 06/1/2021 15:22

Never seen a share announce first loss in 35 years & go up 10% WOW!

[philanderer] 06/1/2021 14:21

COVID-19: Greggs warns school closures will take toll on sales

[philanderer] 06/1/2021 09:59

Well received :-)

Guardian


Greggs forecasts first annual loss since 1984 after sales slump

Profits not expected to return to pre-Covid levels until 2022 at the earliest

Russell Pointon, an analyst at Edison Group, noted that Greggs’ sales performance in the fourth quarter was much better than expected as sales bounced back quickly after the November lockdown in England, and its national delivery service brought in more sales.

Its chief executive, Roger Whiteside, said sales would worsen again in January due to fresh lockdowns in England and Wales, but the company is pushing ahead with plans to open 100 new outlets this year. Greggs’ vegan sausage rolls have been a huge success in recent years.

[zingerburger] 06/1/2021 07:21

Surprised this has held up well


Pret Manger shops have been pasted as streets deserted

[philanderer] 05/1/2021 18:43

Trading update tomorrow

[philanderer] 29/12/2020 14:57

Came through Uxbridge this morning and surpised to see a queue of at least 20 people going into Greggs :-)

[essentialinvestor] 11/12/2020 15:11

It's personal choice, however you need to balance the risk of
contracting the virus and potentially passing it to a loved one,
with the vaccine. Currently the most vulnerable demographic is being
vaccinated and there appear no serious side effects reported- excepting two
cases where both individuals needed to carry around adrenalin because of severe
allergies.

[coldspring] 11/12/2020 00:26

Apologies could have been clearer, yes reluctance to get vaccinated. Several people who I consider educated and sensible have expressed reservations. Small sample size though, just my opinion.

[bouleversee] 10/12/2020 19:41

Reluctance to do what? Have the vaccine?

[coldspring] 10/12/2020 13:32

You are not alone there. The vaccine issues being highlighted and the general reluctance i am getting through social media and via friends and colleagues could mean this drops before it rises again.

[neilrich] 09/12/2020 18:47

I'm struggling with the valuation here, prospective PE for the year ahead is >40, which is crazy, a valuation that I'd expect upon a growth stock with a history of delivering annual EPS growth >20%. Prospective dividend does not inspire either, have I missed something?

[slinkyj] 02/12/2020 10:38

Sold out my small holding. Don't like the sound of the high street vanishing at the rate it is. Get out while the goings good.

[philanderer] 27/11/2020 14:01

Hopefully support at 1700p

[christopher logsdon] 24/11/2020 09:34

Nice momentum 20 quid before you know it

[philanderer] 20/11/2020 11:09

"Greggs has teamed up with PlayStation on a limited edition treat"

[peteret] 16/11/2020 16:14

How's your short going now then !Burning smell coming from somewhere.

[philanderer] 16/11/2020 14:50

Moderna 👍

[philanderer] 16/11/2020 10:29

Morning everyone. Pleasant surprise. I was fearing the worst ;-)

[peteret] 16/11/2020 00:48

Last time they announced job cuts the shares went up as it shaves them money. Shorters beware.

[geraldus] 15/11/2020 19:16

That much....

[onjohn] 15/11/2020 18:58

never did like their sausage rolls which were only 6% meat

[geraldus] 15/11/2020 18:40

This is way overvalued.

[soho2] 15/11/2020 13:13

I would also add that very few lucky ones get a full salary. Most of those "working" from home receive an average of 80% of their salary and have therefore less spending power...they'll all be queuing up from the 3rd...?

[indigocarmine] 15/11/2020 10:33

It doesn't come as any great surprise, and really just backs up the sad lack of custom I have been observing in the Greggs outlets since last March. Maybe a successful vaccine will be the light at the end of the tunnel, and despite people talking about working from home being the new normal and impacting Greggs sales, I have my doubts. The people that are working from home where I work (mostly admin staff, who to be honest never seemed to do much that was actually useful when they had to attend the premises) seem to be doing even less actual work now they are supposedly working from home. I suspect that when normality returns, there won't be quite as much 'working' from home as people seem to think. Saying that, I took the opportunity and crystallized my losses on Greggs on the last rise, but I wish everyone the best whatever they choose to do. I hope Greggs (along with a lot of other good businesses that have been thrown to the wolves) survive the idiocy of government policy.