GRG.L - Greggs plc

LSE - LSE Delayed price. Currency in GBp
2,012.00
-38.00 (-1.85%)
At close: 4:35PM GMT
Stock chart is not supported by your current browser
Previous close2,050.00
Open2,074.00
Bid2,002.00 x 0
Ask2,008.00 x 0
Day's range1,990.56 - 2,058.68
52-week range1,186.00 - 2,496.00
Volume213,036
Avg. volume529,792
Market cap2.035B
Beta (3Y monthly)0.88
PE ratio (TTM)27.04
EPS (TTM)74.40
Earnings date30 Jul 2019
Forward dividend & yield0.37 (1.80%)
Ex-dividend date2019-09-05
1y target est1,340.00
  • Would Warren Buffett invest in Greggs?
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    Would Warren Buffett invest in Greggs?

    Greggs’ share price is up over 60% so far in 2019, but Michael Taylor explains why he is a buyer.

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  • Reuters - UK Focus

    LIVE MARKETS-Q3: final conclusions

    * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. As Europe's Q3 earnings season is drawing to its end, for Morgan Stanley, it's time to make their final conclusions. * Net beat: "37% of companies have beaten EPS estimates by 5% or more, while 28% have missed.

  • Greggs predicts higher profits as it bucks high street gloom
    The Guardian

    Greggs predicts higher profits as it bucks high street gloom

    Greggs’s sales have been bolstered by the popularity of its Quorn-filled vegan sausage roll. Photograph: Bloomberg/Bloomberg via GettyGreggs has raised its profit guidance for the fourth time this year as the bakery chain continues to buck the high street slowdown.The company’s shares rose by more than 15% after reporting that total sales for the six weeks to 9 November were up 12.4%. The firm, which has more than 2,000 stores across the UK, has thrived despite the malaise afflicting many businesses.Sales in 2018 exceeded £1bn for the first time and the successful launch of its Quorn-filled vegan sausage roll has underpinned another strong year. Greggs’s market value has surged by about three quarters in the past 12 months.“Sales growth continues to be driven by increased customer visits and has been stronger than we had expected,” said Greggs in a trading update on Monday. “The board now anticipates that full-year underlying profit before tax will be higher than our previous expectations.”Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDeskGreggs, which hopes to take a bite out of rivals such as Pret a Manger, said total sales were up 13.4% for the year to date.“Today’s update suggests food-on-the-go firm Greggs is more than a one-trick pony,” said Russ Mould, an investment director at AJ Bell. “The products it sells might not always be the healthiest but its business looks in good shape.“In a busy world where people don’t always have time to stop for a sit down meal, there has to be a place for outlets which offer affordable hot and cold food and Greggs looks to be serving that need nicely at the moment.”

  • Reuters - UK Focus

    LIVE MARKETS-FTSE hit as Farage delivers UK vote game changer

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  • Reuters - UK Focus

    LIVE MARKETS-And the winner is...

    * Greggs lifts guidance, shares up 14% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Copley Fund Research, which monitors funds managing a total $1.2 trillion of assets, had detected signs that global equity fund managers are starting to bet on a "European resurgence".

  • Reuters - UK Focus

    LIVE MARKETS-Are you still underweight Europe?

    * Greggs lifts guidance, shares up 14% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. ARE YOU STILL UNDERWEIGHT EUROPE? It looks like the tide is finally starting to turn for Old Europe after long being relegated to a corner in asset allocation choices.

  • What to Watch: UK GDP, Just Eat takeover battle, and Greggs soars
    Yahoo Finance UK

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  • Reuters - UK Focus

    UPDATE 2-Defensive stocks help European shares end flat, London lags

    Demand for defensive stocks helped European shares recover from early losses on Monday as investors grappled with issues ranging from violent Hong Kong protests to an inconclusive Spanish election and weak data from China. After falling nearly 0.5% at one point, the pan-European STOXX 600 index closed flat, helped by a turnaround in bank shares and gains for sectors considered safer bets during times of economic uncertainty, such as food and beverage and real estate. London's FTSE 100 led declines among the major regional indexes with a 0.4% drop, while stocks in Frankfurt fell 0.2% and Paris rose 0.1%.

  • Greggs profits to soar as UK wolfs down vegan sausage rolls
    Yahoo Finance UK

    Greggs profits to soar as UK wolfs down vegan sausage rolls

    The launch of vegan sausage rolls was dubbed a 'masterclass in public relations,' as healthier choices and other new ideas help Greggs shrug off the high street's woes.

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  • Reuters - UK Focus

    LIVE MARKETS-On our radar: vegan sausage rolls and luxury stocks

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. In any event, European luxury stocks, which are always very sensitive to HK news, would be expected to have a tough start.

  • Reuters - UK Focus

    UPDATE 2-British baker Greggs bucks retail gloom with higher profit prediction

    Baker and takeaway food group Greggs raised its profit forecast on Monday, lifting its shares and reinforcing its position as one of Britain's few strongly performing retailers. While Greggs is thriving and expanding, many British retailers are closing stores due to rising costs and the shift to internet sales. This rise has been partly fuelled by the phenomenal success of Greggs' vegan sausage roll.

  • British baker Greggs bucks retail gloom with higher profit prediction
    Reuters

    British baker Greggs bucks retail gloom with higher profit prediction

    Baker and takeaway food group Greggs raised its profit forecast on Monday, lifting its shares and reinforcing its position as one of Britain's few strongly performing retailers. While Greggs is thriving and expanding, many British retailers are closing stores due to rising costs and the shift to internet sales. This rise has been partly fuelled by the phenomenal success of Greggs' vegan sausage roll.

  • Britain’s Few Thriving Shops Offer Tips for Surviving Retail Apocalypse
    Bloomberg

    Britain’s Few Thriving Shops Offer Tips for Surviving Retail Apocalypse

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.British shops are being battered as the shift to e-commerce, intense competition and the fallout from Brexit cause catastrophic levels of store closures and job cuts.The country offers a case study in the troubles facing retail worldwide, and the collapse this week of the U.K. arm of baby-products chain Mothercare Plc is just the latest example. With fast-growing online rivals like Boohoo Group Plc and Amazon.com Inc. drawing shoppers, traditional chains were already struggling before a weaker pound began squeezing living standards and crimping sales further.Still, there are bright spots. Here are a few U.K. retailers who’ve managed to thrive during the apocalypse. We asked top executives to explain their success:NextThe 155-year-old clothing chain is that rare breed -- a bricks-and-mortar brand that has successfully transitioned to e-commerce. Next Plc’s online business had sales of almost 2 billion pounds ($2.6 billion) last year, and the company’s shares have surged 67% in 2019.The online business started in 1999 with a 7,000-pound investment in the website, which at the time was just a screen where customers plugged in item numbers from the catalogue. That head start on the web was key to Next’s growth, Chief Executive Officer Simon Wolfson said.The CEO also pointed to incremental measures such as opening combined clothing and home stores, and selling third-party brands like Levi’s and Gucci. This year Next installed Amazon lockers in hundreds of locations for customers to pick up deliveries, hoping they’ll browse while inside. Next has a 15-year plan to reduce rents and stores gradually to drive profit, rather than resorting to the drastic measures that have forced other chains to fire thousands.“The thing about retail is, it isn’t a business where you need to take big decisions,” Wolfson said in a September interview. “You take small decisions, try things and then maximize the opportunities they present.”PrimarkOwned by Associated British Foods Plc, the discount clothing chain defies the theory that retailers must shift to e-commerce to succeed. Primark doesn’t sell online because it doesn’t charge enough for its clothing to justify the cost, according to AB Foods Finance Director John Bason. So far, it hasn’t needed to: Primark has reported eight consecutive years of profit growth.Primark is one of the few British retailers still opening stores. That includes a massive 160,000-square-foot Primark spread over five floors, which opened this year in Birmingham, England.A main advantage is knowing the customer well. Store managers select products on their computers each morning and determine how much they need for the next day. It’s the same model that Inditex SA’s Zara chain follows and allows for a nimbler response to trends.“We encourage customer intimacy,” Bason said. “Having an eye for the hottest trends is vital in the buying department, and that is encouraged.”Hotel ChocolatMaking shopping an experience lies at the core of Hotel Chocolat Group Plc’s strategy. The chocolate seller began with an online business in the 1990s, then decided to open stores in 2003 to try to get closer to customers. Hotel Chocolat has reported at least double-digit growth in revenue and profit since going public in 2016, and the shares have jumped 69% this year.More than two-thirds of sales now come from stores. Hotel Chocolat focuses on product innovation and events to lure shoppers, such as the evening chocolate masterclasses, or “lock-ins,” offered at 60 different sites.Co-founder and CEO Angus Thirlwell said his risky decision to buy a cocoa plantation on the island of St. Lucia made a difference by lending an authenticity to the brand. The plantation’s Boucan hotel has helped introduce U.S. guests to Hotel Chocolat by offering chocolate facials and chocolate-infused food.“There’s a lot of brands that are just content to sit back on their laurels and not really aim to excite and entertain the customer, and we’re very aware that we’re in the entertainment business,” Thirlwell said. “We have to put on a show and make them feel different after they’ve entered a Hotel Chocolat.”GreggsSince opening its first shop in 1951, Greggs Plc has stayed true to its mission: to make cheap pastries. It’s been growing steadily, but business boomed this year after the bakery chain launched a vegan sausage roll that became a hit on social media. First-half sales rose almost 15%, and Greggs shares have climbed 41% in 2019.Like online-delivery services, Greggs is benefiting from changing eating habits as time-pressed Britons cook less and grab food on the go. Greggs has been transforming itself for the last six years into a takeout business focused on airports, train stations and business areas after previously relying on the high street -- the British term for the main shopping district. It’s also partnered with Just Eat Plc and Deliveroo, and extended a “click & collect” pilot to seven U.K. cities.“There’s all sorts of reasons we do very well, not least of which because of value for money,” CEO Roger Whiteside said.JoulesJoules Group Plc peddles British country chic. Think Wellington boots and waterproof jackets. The company started 30 years ago, when founder Tom Joule began selling clothing from a stand at a country show in Leicestershire. He then set out to fill a gap in the market for classic British pieces with a bit of sartorial whimsy, such as a mismatched button or printed lining.Today Joules has 125 stores across the U.K. and Ireland and has added housewares to the mix. It opened seven shops and closed only one in the fiscal year ended in May, and reported a gain of 17% in revenue and 19% in pretax profit.Joules has focused on market towns and coastal vacation hot spots such as Cornwall and has branched out into travel stores at London rail hubs. It aims to keep store leases as short as possible, so it can relocate easily if necessary, Chief Financial Officer Marc Dench said.The retailer has benefited from limiting spending on its shops, “and probably, most importantly, making sure our stores are where our customers are,” he said.To contact the reporters on this story: Ellen Milligan in London at emilligan11@bloomberg.net;Greg Ritchie in London at gritchie10@bloomberg.net;Rebecca Smith in London at rsmith599@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Anne PollakFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Greggs plc (LON:GRG) Could Be Worth Watching
    Simply Wall St.

    Why Greggs plc (LON:GRG) Could Be Worth Watching

    Greggs plc (LON:GRG), which is in the hospitality business, and is based in United Kingdom, received a lot of...

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