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: 11,249
  • Market Cap: £2,724.09m
  • RiskGrade: 191
  • Beta: 1.01

Greggs benefits from expanded range as interim profits rise

By Michele Maatouk

Date: Tuesday 30 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Bakery chain Greggs lifted its interim dividend on Tuesday as it reported a jump in profit and revenue as it benefited from an expanded food and drinks range.
In the 26 weeks to 29 June, underlying profit before tax excluding exceptional items rose 16.3% to £74.1m, with total first-half sales up 13.8% and company-managed shop like-for-like sales up 7.4%.

The chain - famous for its sausage rolls - lifted its interim dividend to 19p a share from 16p.

Greggs opened 51 net new shops during the half, and as at 29 June was trading from 2,524 shops. It remains on track to achieve 140 to 160 net new shop openings in 2024.

The company said menu development was "key" to its success and innovation in its food and drink offer has supported growth across all dayparts and channels. It said the new over-ice drinks range and pizza box deal were proving popular with customers.

Chief executive Roisin Currie said: "Greggs has made good progress in the first half of the year, further broadening our range of on-the-go food and drink whilst making it more accessible to more customers. Our success is founded on the exceptional value that Greggs offers to customers looking for food and drink on-the-go and the fast and friendly service delivered by our colleagues.

"Our cost outlook for 2024 remains unchanged and we continue to trade in line with our plan. The board remains confident in the long-term growth strategy, and we are investing to support that growth."

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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 11,249
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
08:39 16 @ 2,664.00p
08:39 7 @ 2,664.00p
08:39 2 @ 2,664.00p
08:39 9 @ 2,664.00p
08:39 59 @ 2,664.00p

Greggs Key Personnel

CFO Richard Hutton
CEO Roisin Currie
Chair Matthew Davies

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