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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Greggs Plc | LSE:GRG | London | Ordinary Share | GB00B63QSB39 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
12.00 | 0.45% | 2,700.00 | 2,700.00 | 2,706.00 | 2,716.00 | 2,660.00 | 2,660.00 | 210,794 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Bakeries-retail | 1.81B | 142.5M | 1.4065 | 19.24 | 2.74B |
TIDMGRG
RNS Number : 4055Q
Greggs PLC
19 February 2019
19 February 2019
GREGGS plc
TRADING UPDATE
Greggs is the leading bakery food-on-the-go retailer in the UK,
with over 1,950 retail outlets throughout the country
Exceptionally strong start to 2019
-- Total sales up 14.1% for the seven weeks to 16 February 2019 -- Company-managed shop like-for-like sales up 9.6% for the seven weeks to
16 February 2019
-- Exceptional sales performance boosted by publicity surrounding launch of Greggs' vegan-friendly sausage roll
Greggs has made an exceptionally strong start to 2019. In the seven weeks to 16 February 2019, total sales grew by 14.1 per cent (2018 comparator period: 6.2 per cent) and like-for-like sales in company-managed shops increased by 9.6 per cent (2018 comparator period: 2.9 per cent).
The performance builds on the strong finish to 2018, and has been supported by extensive publicity surrounding the launch of the vegan-friendly sausage roll at the start of January. As a result, customer transaction numbers have increased, with additional sales mainly comprising savoury products such as the vegan-friendly sausage roll and our other iconic sausage rolls and bakes.
The rate of growth has eased slightly in February but the strength of trading is likely to have a material impact on the first half result for 2019, particularly as comparative sales growth for 2018 was weak due to the extreme weather. Sales comparatives then strengthen in the second half of the year. Overall the Board now anticipates that 2019 full year underlying profit before tax (excluding exceptional charges) is likely to be ahead of its previous expectations.
Further information will be available at the publication of the Company's 2018 preliminary results on 7 March 2019.
ENQUIRIES: Greggs plc Hudson Sandler Richard Hutton, Finance Director Wendy Baker / Hattie O'Reilly Tel: 0191 281 7721 Tel: 020 7796 4133
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTLLFSRFAITLIA
(END) Dow Jones Newswires
February 19, 2019 02:00 ET (07:00 GMT)
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