Greggs Share Discussion Threads

[belgrano2] 01/10/2024 14:58

the market certainly is fickle, growth still good but not so rapid and it drops 5%. nice opportunity for some.

[philanderer] 01/10/2024 11:51

In the FTSE 250 index, a third quarter update by Greggs left its shares 3% or 96p weaker at 3028p.

The food-on-the-go firm reported a 5% increase in like-for-like sales in its company-owned stores, slower than the 7.4% seen in half-year results but against tougher comparatives the year before.

An improved cost outlook and September’s strong finish to the quarter meant analysts at Jefferies said they saw no reason to change their positive stance on the group. The bank has a target price of 3450p.

[philanderer] 01/10/2024 09:01

Greggs’ growth story shows signs of cooling


Sausage roll slinger Greggs PLC (LSE:GRG) displayed a slower rate of growth in the third quarter against some admittedly tough 2023 comparatives.

Total sales were up 10.6% in the 12 weeks to 28 September, compared to 20.8% in the same period in 2023.

Company-managed shop like-for-like sales were up 5%, nearly a two-thirds below the 14.2% rate of growth in 2023.

But while sales growth is beginning to cool, Greggs’ management “expects the full-year outcome to be in line with its previous expectations”.

proactiveinvestors.co.uk

[robertball] 01/10/2024 07:49

Lowered guidance

[philanderer] 30/9/2024 11:21

Q3 trading update tuesday.

[babbler] 13/9/2024 09:24

The rings sold out already. Lmao.

[babbler] 10/9/2024 10:47

Greggs getting into gold lmaohttps://www.greggs.co.uk/news/baked-in-gold?

[philanderer] 29/8/2024 17:59

Greggs launches new autumn menu with 8 brand new items - full list of changes

[philanderer] 29/8/2024 17:57

Telegraph

"Greggs vs Gail’s: Which is Britain’s best high street bakery?"

[philanderer] 12/8/2024 16:56

Seller(s) about today - £5 million traded

[philanderer] 08/8/2024 14:17

'Just days left to bag Greggs double stamps and get free food quicker – how the discount scheme works'

[philanderer] 05/8/2024 18:41

Sainsbury’s, Greggs and Iceland stores affected by far-right riots

[philanderer] 05/8/2024 09:08

HSBC cuts Greggs to 'hold' (buy) - price target 3,350 pence

[skinny] 01/8/2024 09:00

FWIW :- Berenberg raises Greggs price target to 3,600 (3,340) pence - 'buy'

[skinny] 31/7/2024 09:53

FWIW :- UBS raises Greggs price target to 3350 (3200) pence - 'buy'

[philanderer] 30/7/2024 23:22

Greggs hikes price of sausage rolls and cheese sandwiches in a bid to offset soaring wage bill


Daily Mail

[johnwise] 30/7/2024 17:47

All take away foods and cakes should be taxed at 25% to cover the
cost of all the unhealthy and Fat Peoples gastric bands the
NHS are wasting money on, as People are now
addicted to Processed Foods.

[philanderer] 30/7/2024 13:53

Greggs sales surged 13.8 per cent in the first half, as a successful over-ice drinks range and dedicated pizza deals boosted the backery chain's growth.

The Newcastle-based group, known for its sausage rolls, said its sales reached £960.6million during the six months to 29 June, growing from £844.0million a year ago. Like-for-like sales grew 7.4 per cent.

Sales growth was bolstered by the strength of the firm's over-ice drinks range, with products such as its Mango and Strawberry Cooler now available in 500 of its locations.

Its Late Trade Pizza Deal and Pizza Box Deal have also proven a success, as the firm says hot food continues to see strong sales. The bakery has recently launched a four-slice pizza.

Its Delivery channel also grew, with delivery representing 6.7 per cent of company-managed shop sales during the first half, up from 5.3 per cent last year.

Matt Britzman, senior equity analyst at Hargreaves Lansdown, commented: 'Greggs has showcased its strengths once more, as the UK's favourite baker continues to deliver.

'A high bar's been set over the past year or so, but results have beat expectations once again.

'The value offering that Greggs is so well known for has been holding it in good stead of late, and it was good to see that continue over the half with like-for-like sales well ahead of the industry average.

Daily Mail

[mike24] 30/7/2024 09:51

they are still not buying freeholds (where possible)
to having complete control over legals of occupation
say 100/200k to connect /electric / refurbs & then having to put unit back
to original condition if lease expires,
back to basic use, this opp missed to top up pensions

[philanderer] 30/7/2024 09:28

Good old Greggs , much needed when holding DGE ;-)

[philanderer] 26/7/2024 12:51

Interim results next tuesday.

[philanderer] 24/7/2024 13:46

"Greggs is launching a new menu, which features exciting new items and new sharer formats."

[philanderer] 18/7/2024 18:29

World's first sausage roll vending machine opens in Newcastle

It's the brainchild of Greggs and Monzo.

[philanderer] 16/7/2024 12:08

Plans for a new National Distribution Centre for bakery chain Greggs at Symmetry Park in Kettering have been announced


The planning application contains details for 311,551 sq ft of logistics space on a 25.1-acre plot as part of Greggs’ strategic growth plan requiring investment in significant supply chain capacity.

Greggs currently has 2,500 shops and its longer-term plans target more than 3,000 shops in the UK. The distribution centre will bolster its capacity to directly supply ambient and chilled products to a growing portfolio of shops.

Tritax Symmetry is also seeking planning permission for an additional 100,000 sq ft to enable Greggs to expand the site further.