Greggs Share Discussion Threads

[philanderer] 05/3/2024 14:12

Greggs rolls out good news on costs and job opportunities

Investors welcome news of a special dividend as the company says breakfasts and its expanded footprint are helping it meet ambitious growth targets

[spacecake] 05/3/2024 11:57

They could of course pledge to include the Real Living Wage into the Greggs Pledge thus removing the risk of getting posted onto a government website.

[blackhorse23] 05/3/2024 10:39

Bought GNC (LSE) who is the manufacturer for Greggs sandwiches

[spacecake] 05/3/2024 10:31

Breaking all sots of records, including failing to pay the minimum wage to 4793 workers, now we know where part of the special dividend came from ! - directors rewarding themselves once again.

Greggs Plc, Newcastle upon Tyne, NE12, failed to pay £219,129.07 to 4,793 workers.

[philanderer] 05/3/2024 10:22

Nothing wrong with those numbers 😊👍

[markatkinson] 05/3/2024 07:34

Great results yet again. Greggs are a juggernaut. My dear friend Paul Kerin and I covered Greggs last year on the Desert Island Investor -

Watch on You Tube -



Listen on Progressive Equity Research -

hxxps://progressive-research.com/series/the-desert-island-investor/

[octavio] 05/3/2024 07:30

How impressive!

46p dividend plus a special dividend of 40p

[philanderer] 22/2/2024 16:15

Greggs launches 'unreal' burgers in menu revamp - but fans moan they 'can't find them anywhere'

[craftyale] 21/2/2024 08:29

Year high by March 5 results day looks likely

[philanderer] 21/2/2024 00:12

Estee Lauder, Greggs and easyjet among employers HMRC says failed to pay minimum wage

[bouleversee] 15/2/2024 15:37

I think Greggs should be able to hold its own against that lot, Philanderer. Hope so, anyway, as my p/f is not looking too good a.t.m. Red is not my favourite colour.

[craftyale] 15/2/2024 13:07

Prelim results on Mar 5. Rising until then. On the day I predict nice news. Gla.

[philanderer] 14/2/2024 14:28

'Eight unusual Valentine's stock picks: Fund managers pick companies from Ferrari to Greggs'

[bouleversee] 08/2/2024 16:16

Having looked at the article, since I'm not in the North I can't but I can't say, having looked at the pics, I feel very disappointed. Hope they go down well up there.

[bouleversee] 08/2/2024 16:09

Perhaps I should order one for myself. LOL.

[octavio] 08/2/2024 12:09

Nobody listened! (On here at least) There's more to come!!

[philanderer] 05/2/2024 19:36

Greggs launches gift cards for Valentine's Day

[philanderer] 02/2/2024 11:19

Promo


This Valentine’s Day, do one better and get that special someone the gift that screams “I’m a melt”.

Introducing: the Greggs Bake Tray. A selection of our finest menu items, pastry-packed with four bakes and two rolls, this box of bliss is the perfect moment to share with your other half, best friend, even your mum - we won’t judge.

[philanderer] 01/2/2024 15:15

Retail having a rough time. Looking like june at least before an interest rate cut.

[blackhorse23] 25/1/2024 08:30

Added GNC & APH today

[bouleversee] 24/1/2024 14:11

Thanks, Philanderer.

I have to say, however, that I don't really understand their conclusions. Maybe it's not just me being dim since the share price is already above their target.

[philanderer] 24/1/2024 12:40

"Numis starts Greggs at ‘hold’, says growth is ‘baked in’"

Numis initiated coverage of Greggs on Wednesday with a ‘hold’ rating and 2,560p price target as it said growth was "baked in".

Greggs is "the undisputed UK food-to-go specialist", it said, with a share of around 8% of a "highly fragmented" market.

Numis said the company’s track record is impressive, reporting 10-year CAGR store growth of 3.4%, revenue of 7.5% and pre-tax profit of 11.3%.

It noted that in 2021, management set out to double revenue from £1.2bn to £2.4bn by 2026 and has already achieved half of this.

"However, over the next three years an increasing amount of this growth will originate from franchisees, delivery and loyalty, all dilutive to gross margin and in most instances to EBIT margin too meaning we forecast profit before tax CAGR of circa 10%," it said.

"The shares are trading at 20x FY24E price-to-earnings rate, in line with five-year average and therefore we initiate with a hold."

The broker said it prefers Domino’s, which has a clearer growth trajectory, is less capital intensive and trades at an 8% discount to Greggs.



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