Greggs (GRG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

2,676.00p
   
  • Change Today:
    -28.00p
  • 52 Week High: 2,786.00
  • 52 Week Low: 1,673.00
  • Currency: UK Pounds
  • Shares Issued: 102.11m
  • Volume: 44,631
  • Market Cap: £2,732.53m
  • RiskGrade: 191

Greggs Q3 sales up 14.6% YOY

By Iain Gilbert

Date: Tuesday 04 Oct 2022

LONDON (ShareCast) - (Sharecast News) - High street bakery chain Greggs said on Tuesday that total sales were up 14.6% over the 13 weeks ended 1 October, putting it on track to meet full-year expectations.
Greggs said it continued to trade well over the third quarter, with like-for-like sales in company-managed shops rising 9.7% year-on-year.

While the FTSE-100 listed group stated year-on-year growth moderated in August, given the particularly strong "staycation" effect seen in 2021, momentum was said to have returned in September.

Looking forward, Greggs said the outlook for cost inflation for the year was consistent with its previous guidance of roughly 9% overall, and added it now holds an "appropriate level" of forward purchasing cover in respect of its fourth quarter requirements for key food and energy commodities.

"We also hold significant energy cover for the first quarter of 2023, with average costs expected to be below the level of the recently-announced price cap," said Greggs.

"Greggs continues to trade well in an environment where cost pressures are significant and our outstanding value-for-money positioning is ever-more important to consumers. There remains considerable uncertainty in the economy as a whole but we continue to trade in line with our plan and currently expect the full year outcome to be in line with our previous expectations."







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Greggs Market Data

Currency UK Pounds
Share Price 2,676.00p
Change Today -28.00p
% Change -1.04 %
52 Week High 2,786.00
52 Week Low 1,673.00
Volume 44,631
Shares Issued 102.11m
Market Cap £2,732.53m
RiskGrade 191

Greggs Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.19% below the market average90.19% below the market average90.19% below the market average90.19% below the market average90.19% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
83.79% above the market average83.79% above the market average83.79% above the market average83.79% above the market average83.79% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
41.84% below the market average41.84% below the market average41.84% below the market average41.84% below the market average41.84% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Growth
8.58% above the market average8.58% above the market average8.58% above the market average8.58% above the market average8.58% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Greggs Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Sep-22 12-May-22
Paid 07-Oct-22 08-Jun-22
Amount 15.00p 42.00p

Trades for 31-Jan-2023

Time Volume / Share Price
12:29 69 @ 2,676.00p
12:29 16 @ 2,676.00p
12:27 73 @ 2,674.00p
12:26 24 @ 2,676.00p
12:26 25 @ 2,676.00p

Greggs Key Personnel

Finance Director Richard Hutton
CEO Roisin Currie
Chair Matthew Davies

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