reports
Greggs: 1 director
A director at Greggs sold 65,000 shares at 2,851p and the significance rating of the trade was 84/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Clo...
- Kate Heseltine
Greggs - Good Q324 on strong comparative
Greggs demonstrated continued strong sales growth in Q324, against a challenging Q323 comparative. The company continues to benefit from its multipronged growth strategy of increasing space, extended trading hours, new digital channels and menu development. Management is confident of meeting its full year expectations, helped by marginally lower cost inflation than previously expected.
- Kate Heseltine
Greggs - Confident about FY24 outlook
Greggs’ H124 results demonstrate the ongoing benefits of its multiple levers to drive revenue growth as well as a pleasant surprise on operating margin. With a relatively normal environment for input cost inflation, management is optimistic about the outlook for the year. We have marginally increased our profit estimates, which has also fed through to an increase in our valuation.
- Kate Heseltine
Greggs - Encouraging start to FY24
Greggs’ trading update for the first 19 weeks of the year shows that the company is driving superior revenue growth from its key initiatives of growing space, delivery and evening sales and leveraging the app along with its continuous menu enhancements, despite what has continued to be a challenging backdrop for consumers. The strong revenue growth on top of a tough comparative from the prior year includes both volume and price growth, which compares very well versus many other consumer-facing c...
Edison issues outlook on Greggs (GRG): Showing us how it’s done
Edison Investment Research Limited Edison issues outlook on Greggs (GRG): Showing us how it’s done 02-Apr-2024 / 10:39 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 2 April 2024 Edison issues outlook on Greggs (GRG): Showing us how it’s done The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment. Unlike many consumer-facing companies, high selling price inflation was accompanied by volume growth, leading t...
- Kate Heseltine
Greggs - Showing us how it's done
The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment. Unlike many consumer-facing companies, high selling price inflation was accompanied by volume growth, leading to good market share gains. The consumer is responding well to new initiatives to grow revenue in new dayparts and digital channels. Profitability was well-managed with better recovery of input cost inflation t...
- Kate Heseltine
Greggs - A strong finish to FY23
Greggs (GRG) enjoyed a stronger-than-expected end to FY23 with sales ahead of our estimates and consensus forecasts, enabling GRG to meet its profit expectations for the year. GRG’s strong revenue growth and an improved profit performance in FY23 means it has fared better than many other consumer-facing names during the year. With lower inflationary pressures, the company enters FY24 in a better place with respect to its selling price versus cost inflation than at the start of FY23, when it was ...
- MarketLine Department
West Cornwall Pasty Co Ltd - Company Profile and SWOT Analysis
Summary West Cornwall Pasty Co Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights West Cornwall Pasty Co Ltd (West Cornwall), a subsidiary of Samworth Brothers Ltd, is a fast-food bakery chain. The company offers a wide range of pasties, hot drinks, cold drinks, bakery and...
Greggs: FY23 profit expectations reiterated
Edison Investment Research Limited Greggs: FY23 profit expectations reiterated 04-Oct-2023 / 14:01 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 4 October 2023 Greggs: FY23 profit expectations reiterated Greggs continues to generate premium sales growth through a combination of volume, including market share gains as distribution increases, and price growth. The strength of underlying trading in Q323 is highlighted by management’s confirmation of consensus FY23 PBT expectations despite the addition of new costs for expanding th...
- Kate Heseltine
Greggs - FY23 profit expectations reiterated
Greggs continues to generate premium sales growth through a combination of volume, including market share gains as distribution increases, and price growth. The strength of underlying trading in Q323 is highlighted by management’s confirmation of consensus FY23 PBT expectations despite the addition of new costs for expanding the company’s delivery offer to a second platform and a slight delay in some store openings from the end of the year into FY24.
- Kate Heseltine
Greggs - Improving outlook for costs in FY23
Greggs’ H123 results showed continued strong revenue growth, indicating good progress across the majority of its multi-year initiatives to drive revenue growth. Profitability continued to be hampered by input cost inflation as well as investment in the cost base to drive the expected revenue growth. A more favourable outlook for underlying cost inflation in FY23 than previously should be welcomed. We have slightly increased our estimates to reflect the strong growth in H123 and higher interest r...
- Liberum Research Team
- Kate Heseltine
Greggs - Continuation of strong trading in FY23
Greggs’ strong sales performance in the first 19 weeks of the year is in line with management’s expectations and therefore its profit expectations for the year are unchanged, as are our forecasts. Greggs continues to benefit from underlying volume growth despite the squeeze on household budgets and high industry-wide selling price inflation, which is testament to its ongoing product innovation and initiatives to drive growth. Our discounted cash flow (DCF)-based valuation of £30.50/share is unch...
- Liberum Research Team
- Liberum Research Team
- Adam Tomlinson
- Anubhav Malhotra
- Wayne Brown
LIBERUM: Greggs - Strong start to the year for the business and the sh...
Greggs has traded strongly the first 19 weeks of the year with LFL sales up 17%. This in part reflects the COVID impacted comparative and price rises to help offset inflation. LFL’s should start to normalise as we move thorugh the year. We are encouraged that the menu expansion continues to drive sales in evening dayparts and this remains a huge opportunity. However the shares have been strong rising c.30% the past six months. This is wholly deserved but means Greggs is now trading on an interna...
- Kate Heseltine
Greggs - Profits on the go
Greggs has entered the second full financial year of its five-year growth plan having exceeded our initial FY22 revenue estimates, helped by elevated external inflationary pressures, and with profit in line with management’s expectations. Despite the more challenging external environment, Greggs made good progress with the majority of its revenue growth initiatives in FY22. Following the expected normalisation of the cost base, which hampered profit growth in FY22, we forecast more consistent pr...
- Liberum Research Team
- Liberum Research Team
- Adam Tomlinson
- Anubhav Malhotra
- Wayne Brown
LIBERUM: Greggs - Initiation - Eating everyone's lunch. And dinner
Greggs has come out of the pandemic in a strong position benefiting from repurposing its supply chain to a food-to-go model. On top of this, the competition is weaker, the group is finding more availability of space and, by broadening the menu and dayparts and flexing its digital strategy, it is attracting more customers by giving more reasons to visit. The group’s strategy is a threat to other QSR players suggesting market share opportunities are large. With an aim to double sales over 5 years,...
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