Growth moderates, but strategy on plan
Greggs | 10/05/2018

Greggs’ management has been open in recognising that despite the Beast from the East and other extraordinary weather patterns, there is an underlying…

Value discovery
Greggs | 14/03/2018

Five years into its strategy, there is plenty for Greggs to do. Its shops, which all now look and work like value food-on-the-go outlets, must spread out…

Positive outlook
Greggs | 16/01/2018

Greggs’ Q4 sales update demonstrates a robust performance in what has been a tough retail market. The company’s self-help strategy shows that…

A strengthening picture
Greggs | 04/10/2017

Greggs’ strong sales quarter reflects its secure place in the value sector of an increasingly edgy retail market. But it is also driven by a range…

In balance
Greggs | 09/08/2017

Greggs’ interims show a company in balance in several ways. First, operational and site development initiatives are driving consistent sales growth…

Promising performance, strengthened proposition
Greggs | 22/05/2017

Greggs has traded strongly for the first 19 weeks, and self-help measures such as refurbishments, openings, manufacturing rationalisation and product development…

Successful strategy offers further potential
Greggs | 06/03/2017

Given Greggs’ long track record of strong cash generation and the success of the 2013 strategic plan to date, it seems reasonable to look beyond…

Better-than-expected FY16
Greggs | 17/01/2017

Greggs' trading update confirmed that it delivered a stronger than expected finish to FY16, leaving it well placed to face the margin pressures that will…

In line with expectations
Greggs | 12/10/2016

Greggs enjoys a differentiated position in the growing food-to-go market. Its strategy to enhance its offer and improve the efficiency with which it delivers…

Healthy H1
Greggs | 03/08/2016

Greggs delivered a strong H116 trading performance and expressed confidence in the outlook for the year. The various elements of its strategy appear to…

On target
Greggs | 11/05/2016

Greggs reports that, after 18 weeks’ trading, it remains on target to meet full-year expectations. The range of business initiatives is on track…

Growing again
Greggs | 25/04/2016

Greggs’ appeal lies in the combination of its relatively low-risk business model and its return to strong earnings growth in the past two years.…

Taking the cake
Greggs | 17/12/2014

Greggs has surprised to the upside again with an unscheduled trading statement, delivering 5.2% like-for-like sales growth for the 24 weeks to 13 December…

Recovery ahead
Greggs | 11/04/2014

Greggs presents an interesting recovery play. Operating margins are substantially below historic levels, as are like-for-like sales. The turnaround programme…

One step forward, two steps back
Greggs | 07/08/2013

Just when the business looked to be meeting expectations, the weather conspired yet again to derail the recovery. Questions linger as to whether Greggs’…

Market conditions provide modest support
Greggs | 02/08/2013

Recent data suggest that high street footfall is moving in the right direction. This, in combination with more benign Q2 weather, should favour a modest…

Present tense
Greggs | 25/03/2013

A subdued outlook and a profit downgrade were responsible for a c 8% share drop. From a medium-term perspective, Greggs is utilising its cash flows to…

Chills and thrills
Greggs | 12/03/2013

The shares have shaken off a challenging Christmas period and a change in CEO to rally c 12% since the start of the year. From a medium-term perspective,…

Not a stale story
Greggs | 11/01/2013

In a challenging Christmas period, Greggs met consensus expectations. The economy will remain challenging, but from a medium-term perspective, Greggs is…