Just had a great pasty from Greggs from the motorway services - great food for driving!
winner winner chicken dinner
Greggs is leading in retailer bakeries. Why aren't we investing. We can see how the company has already achevied and it's future potential. Name a current company that's beating Greggs? Get buying.
15 December 2014 GREGGS plc TRADING UPDATE FOR THE 24 WEEKS TO 13 DECEMBER 2014 Greggs is the leading bakery food-on-the-go retailer in the UK, with almost 1,700 retail outlets throughout the country Continued strong performance in the second half to date · Own shop like-for-like sales up 5.2% for the 24 weeks to 13 December (2013: 0.7%) · Year to date own shop like-for-like sales up 4.2% (same period 2013: 1.1% decline) · Total sales growth 3.6% year to date (2013: 3.7%) · LFL performance ahead of expectations, particularly given comparison with strong Q4 2013 · Customers continue to respond well to products, value, service and investment in shops · Favourable trading environment with weather generally helpful · Now anticipate full year profits for the 53 weeks* to 3 January 2015 to be ahead of analysts' expectations * anticipated negative profit impact of 53rd week circa £1.3m compared with a 52 week year Chief Executive Roger Whiteside comments: "The strong performance that we reported in our September IMS has continued. Trading conditions have remained helpful but there is no doubt that customers are also responding to improvements in our product and service offer and to the investment we are making in the shop environment. "Whilst there is still much to play for over the final few weeks of the year we currently anticipate that full year profits will be ahead of analysts' expectations. We expect to make a further update on trading over the Christmas period in early January." ENQUIRIES: Greggs plc Hudson Sandler Roger Whiteside, Chief Executive Wendy Baker Richard Hutton, Finance Director Tel: 020 7796 4133 Tel: 0191 281 7721
28 Nov '14
lost my custom
they have stopped there 2 for 99p offer today,i will now go elseware as will everyone else,greedy buggars
28 Sep '14
Pret a Manger
Debt-laden Pret a Manger turns £500 million sales into a loss amid hefty interest payments: It made 64 million sandwiches, 47 million cups of coffee and sold 4 million bananas in 2013. But the one thing Pret a Manger didn’t make was a profit, because once again the sandwich chain’s operating profits were wiped out by hefty interest payments.
17 Sep '14
Greggs shares hit record high: Britains’s biggest high street purveyor of sausage rolls and pasties, Greggs has said it expects profits “materially ahead of expectations” after reporting accelerating sales. The update has led to a round of broker upgrades, sending shares more than 12% higher. The bakery chain, with roots in the north of England, said growth was accelerating, with like-for-like sales up by 5.4% in the 11 weeks to September 13, up from the 3.2% like-for-like sales growth during the first half of the year ended June 28. At the same time as sales are accelerating, profitability is improving. Management said the prices for raw ingredients were falling and “excellent” cost control was taking effect. Management expects profit margins to improve in the second half of the year and added that it expects raw material prices to remain lower near term. The improved profitability is a decent management turnaround from the performance last year when Greggs full year pretax profits slumped by 36% to £33.2 million, from £52.4 million the previous year. As part of the turnaround Greggs is sprucing up its stores and said it had completed 153 refits by September 13, with 200 planned by the end of the year. Underperforming stores are also being removed, with 43 closures so far this year against 32 new shops opened. Greggs shares are now trading on 15.3 times earnings and offer a prospective dividend yield of 3.7%. However, they are trading at record highs following the 10-for-one stock split in 2009. Given the fragile nature of the consumer recovery we are seeing in the U.K., Questor is reluctant to buy at these levels. Greggs at 602p+66p Questor Says ‘Hold’.
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