Greggs (GRG)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

2,664.00p
   
  • Change Today:
      22.00p
  • 52 Week High: 3,190.00p
  • 52 Week Low: 2,442.00p
  • Currency: UK Pounds
  • Shares Issued: 102.26m
  • Volume: 10,470
  • Market Cap: £2,724.09m
  • RiskGrade: 191
  • Beta: 1.01

Greggs sees rise in sales despite pressure on customers

By Frank Prenesti

Date: Tuesday 16 May 2023

LONDON (ShareCast) - (Sharecast News) - UK high street food chain Greggs has forecast a strong growth in demand this year, driven by new products such as chicken goujons and potato wedges despite cost inflation and pressure on customers.
Annual profit was expected to grow by about 10% this year as like-for-like sales growth in the 10 weeks to 13 May averaged 15.7% as customers also enjoyed plant-based food such as it vegan Mexican chicken-free bake

"Although we expect to see ongoing material cost inflation, we have good forward cover on key commodities," the company said.

The Newcastle-based chain said like-for-like sales rose 17.1% to £609m in the first 19 weeks of 2023, in part due to the Covid Omicron variant hitting revenues last year.

"Although we expect to see ongoing material cost inflation, we have good forward cover on key commodities. Consumer disposable incomes are likely to stay under pressure, but we remain confident that our outstanding value proposition continues to be compelling," it added.

Reporting by Frank Prenesti for 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 2,664.00p
Change Today 22.00p
% Change 0.83 %
52 Week High 3,190.00p
52 Week Low 2,442.00p
Volume 10,470
Shares Issued 102.26m
Market Cap £2,724.09m
Beta 1.01
RiskGrade 191

Greggs Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.12% below the market average96.12% below the market average96.12% below the market average96.12% below the market average96.12% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
32.53% above the market average32.53% above the market average32.53% above the market average32.53% above the market average32.53% 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
Income
54.26% below the market average54.26% below the market average54.26% below the market average54.26% below the market average54.26% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Growth
23.40% above the market average23.40% above the market average23.40% above the market average23.40% above the market average23.40% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 2
Sell 0
Strong Sell 1
Total 12
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 05-Sep-24 25-Apr-24
Paid 04-Oct-24 24-May-24
Amount 19.00p 46.00p

Trades for 22-Nov-2024

Time Volume / Share Price
08:31 67 @ 2,664.00p
08:30 29 @ 2,660.00p
08:30 21 @ 2,660.00p
08:30 8 @ 2,660.00p
08:30 42 @ 2,660.00p

Greggs Key Personnel

CFO Richard Hutton
CEO Roisin Currie
Chair Matthew Davies

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