GRG.L - Greggs plc

LSE - LSE Delayed price. Currency in GBp
1,813.00
-10.00 (-0.55%)
At close: 4:35PM BST
Stock chart is not supported by your current browser
Previous close1,823.00
Open1,817.00
Bid1,812.00 x 53100
Ask1,814.00 x 44600
Day's range1,812.00 - 1,843.00
52-week range939.00 - 1,892.00
Volume136,124
Avg. volume430,512
Market cap1.825B
Beta (3Y monthly)0.27
PE ratio (TTM)28.11
EPS (TTM)64.50
Earnings date31 Jul 2017 - 4 Aug 2017
Forward dividend & yield0.36 (1.94%)
Ex-dividend date2019-04-25
1y target est1,340.00
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  • Is Greggs plc (LON:GRG) A Smart Choice For Dividend Investors?
    Simply Wall St.27 days ago

    Is Greggs plc (LON:GRG) A Smart Choice For Dividend Investors?

    Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. Historically, Greggs plc (LON:GRG) has been paying a dividend toRead More...

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  • Greggs’ sales top £1bn as vegan sausage roll helps boost customer numbers
    The Independentlast month

    Greggs’ sales top £1bn as vegan sausage roll helps boost customer numbers

    Sales at Greggs have topped £1bn for the first time as the launch of its controversial vegan sausage roll helped drive a surge in customer numbers. Greggs said that while the first half of 2018 was impacted by extreme weather, it was able to bounce back and perform ahead of expectations. For 2019, Greggs hailed the “enthusiastic reception” and “extraordinary” level of social and general media coverage surrounding its vegan sausage roll, which has helped spur a spike in footfall.

  • Greggs sales top £1bn as it celebrates success of vegan sausage roll
    Sky Newslast month

    Greggs sales top £1bn as it celebrates success of vegan sausage roll

    Greggs has reported annual sales of more than £1bn for the first time as it shrugged off the gloom surrounding the high street and celebrated the success of its vegan sausage roll. The bakery chain, which has also been boosted by the growth of its breakfast offering, is now taking on the market for hot food later in the day with potato wedges and goujons. The results come after Greggs revealed last month that it had seen a strong start to 2019, with like-for-like sales up 9.6% in the first seven weeks of the year.

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  • Greggs sales top £1bn for first time as it bucks high street slowdown
    The Guardianlast month

    Greggs sales top £1bn for first time as it bucks high street slowdown

    Despite the vegan sausage roll effect at the start of the year, Greggs has warned of potential turbulence from Brexit. Photograph: Christopher Furlong/Getty Images Greggs had a milestone year in 2018 with sales exceeding £1bn for the first time, while the launch of its vegan sausage roll provided a strong start to 2019. The UK’s largest bakery chain said total sales rose by 7.2% year-on-year in 2018 to £1.03bn, compared with £960m in the previous year. Greggs has bucked the high street malaise in recent months, with strong demand for its breakfast ranges as well as its steak bakes and sausage rolls. It scored a marketing victory in January when it launched its vegan sausage roll. The Quorn-filled pastry attracted a large social media following and shops rapidly sold out. The retailer said it had enjoyed a very strong start to the year, with like-for-like sales – stripping out those at shops open for less than a year – jumping 9.6% in the first seven weeks of 2019, bolstered by the popularity of the vegan sausage roll after Greggs sold hundreds of thousands of them in the first week. Shares in the Newcastle-based company have surged to record highs during 2019 on the back of the publicity. At £18.05 on Thursday morning, shares remain about 14% above the start of the year. Roger Whiteside, Greggs’ chief executive, said the roll, which is now in every store in the UK, has made it into the chain’s top five bestselling products. “We’ve got off to a flying start this year with the launch of the vegan sausage roll generating very strong publicity,” he said. “It is the fastest-selling new product launch we’ve seen since I’ve been chief executive.” Despite the vegan sausage roll effect at the start of 2019, Greggs warned of potential turbulence from Brexit. The company is stockpiling those materials which have a longer shelf life to cover several weeks of production if a no-deal Brexit disrupts imports. However, Whiteside warned it would be harder to secure supplies of fresh ingredients, and said Greggs was examining what alternative products it could offer to customers if there were shortages of ingredients such as lettuce and tomatoes. If tariffs were imposed, that could also lead to price rises, he said. Pre-tax profits rose by 15% to £82.6m in 2018 and Greggs said it expected to pay shareholders a special dividend in July. Like-for-like sales at the shops Greggs manages grew by a more modest 2.9% in 2018, before the new year launch of the vegan sausage roll, compared to 3.7% growth in 2017. The sales rise came despite difficulties with unseasonable weather, including the “beast from the east” storms a year ago, followed by the heatwave in June and July that weighed on the demand for baked goods. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk Greggs also reorganised its manufacturing operations during 2018 in an attempt to better supply its growing network: store numbers increased by 99 during 2018 to reach 1,953 across the UK. Greggs has also increased options at different times of the day, including offering more breakfast options and hot food later on. Trials of “click and collect” at some stores will be extended to lunchtimes. Whiteside also said Greggs was developing more hot meal options, including pasta, goujons, potato wedges and soups, amid talks with Deliveroo and Uber about meal delivery, which could enable it to sell evening meals, a potential new revenue stream.

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  • Greggs shrugs off high street gloom as sales top £1bn
    Sky Newslast month

    Greggs shrugs off high street gloom as sales top £1bn

    Greggs has reported annual sales of more than £1bn for the first time as it shrugged off the gloom surrounding the high street and celebrated the success of its vegan sausage roll. The bakery chain, which has also been boosted by the growth of its breakfast offering, is now taking on the market for hot food later in the day with potato wedges and goujons. The results come after Greggs revealed last month that it had seen a strong start to 2019 with like-for-like sales up 9.6% in the first seven weeks of the year.

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    LIVE MARKETS-Saving the UK high street, one vegan sausage roll at a time

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  • Reuterslast month

    Britain's Greggs starts year on a roll with special payout promise

    British baker and takeaway food group Greggs said on Thursday it expected to pay a special dividend in July after a "very strong" start to 2019 as it reported a 10 percent rise in 2018 profit. Greggs, which has 1,950 outlets in shopping streets, railway stations and motorway services, raised its profit outlook for 2019 last month thanks to interest in the launch of a vegan sausage roll, lifting its shares to a record high. Shares in Greggs have risen 41 percent so far this year but was down 0.9 percent at 1,783.5 pence at 0835 GMT, valuing the business at 1.65 billion pounds.

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  • Barrons.com2 months ago

    Buy the Vegan-Sausage Roll, Sell the Stock

    British bakery chain Greggs has come up with a snack that’s got customers to line up outside its stores. The stock, however, fully reflects the snack’s popularity.

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