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Greggs PLC (GRG)

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Stan
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Greggs PLC (GRG)

#223385

Postby Stan » May 21st, 2019, 10:26 am

Well these have certainly sprinted up since that trading update a week ago.

https://www.londonstockexchange.com/exc ... 72415.html
Last edited by csearle on March 21st, 2021, 10:27 am, edited 1 time in total.
Reason: Slight tidying of subject line

jackdaww
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Re: Greggs PLC (GRG)

#223421

Postby jackdaww » May 21st, 2019, 12:41 pm

there's an old saying - never sell shell....

i would say - never sell greggs.

:)

westmoreland
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Re: Greggs PLC (GRG)

#223493

Postby westmoreland » May 21st, 2019, 7:09 pm

i considered but rejected it around a year ago i think, at a 3% yield. i thought it was a very good business, albeit one that was significantly more risky as a result of their rapid expansion.

a trailing and forward p/e of over 30 and 25 respectively and dividend yield of 1.6% is a borderline ridiculous valuation IMO.

MDW1954
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Re: Greggs PLC (GRG)

#396145

Postby MDW1954 » March 16th, 2021, 1:13 pm

2020 prelims out today.

https://ir1.q4europe.com/asp/ir/greggs/ssl/NewsRead.aspx?storyid=14999808&ishtml=1

Full year financial performance:

· Total sales were £811.3m* (2019: £1,167.9m)

· Like-for-like sales** in company-managed shops down 36.2% on 2019 level

· Progressive recovery in sales levels through second half of year

· Pre-tax loss £13.7m, including government support for job retention and relief from business rates (2019: £108.3m profit)

· Positive cash position at end of year and additional liquidity available under new £100m revolving credit facility

* 53 weeks ended 2 January 2021 (2019: 52 weeks ended 28 December 2019)

** like-for-like sales in company-managed shops (excluding franchises) with a calendar year's trading history

Shop opening pipeline reactivated: demonstrating confidence in long-term growth opportunity.84 new shops opened in 2020, 56 closures (28 net openings); 2,078 shops as at 2 January 2021. Planning circa 100 net new shops for 2021

paulnumbers
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Re: Greggs PLC (GRG)

#396160

Postby paulnumbers » March 16th, 2021, 2:03 pm

jackdaww wrote:there's an old saying - never sell shell....

i would say - never sell greggs.

:)


One of my best purchases ever.... sold too soon.... every time I walked past them, with a queue coming out the door I think to myself, "bloody great company, why did I sell?"

idpickering
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Re: Greggs PLC (GRG)

#644831

Postby idpickering » February 5th, 2024, 7:21 am

Notice of Preliminary Results

Greggs plc, a leading UK food-on-the-go retailer, will announce its Preliminary Results for the 52 weeks ended 30 December 2023 on Tuesday 5 March 2024.

https://www.investegate.co.uk/announcem ... ts/8020869

Ian (No holding).

MrFoolish
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Re: Greggs PLC (GRG)

#645207

Postby MrFoolish » February 6th, 2024, 9:43 pm

idpickering wrote:Notice of Preliminary Results

Greggs plc, a leading UK food-on-the-go retailer, will announce its Preliminary Results for the 52 weeks ended 30 December 2023 on Tuesday 5 March 2024.

https://www.investegate.co.uk/announcem ... ts/8020869

Ian (No holding).


Is the announcement of a future announcement really worth posting about?

I don't wish to sound ungrateful for your efforts (I do appreciate what you do) but you could perhaps filter out the less consequential news stories. IMHO the sweet spot would be results, trading updates and changes in the top brass personnel.

idpickering
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Re: Greggs PLC (GRG)

#645229

Postby idpickering » February 7th, 2024, 12:28 am

MrFoolish wrote:
idpickering wrote:Notice of Preliminary Results


https://www.investegate.co.uk/announcem ... ts/8020869

Ian (No holding).


Is the announcement of a future announcement really worth posting about?

I don't wish to sound ungrateful for your efforts (I do appreciate what you do) but you could perhaps filter out the less consequential news stories. IMHO the sweet spot would be results, trading updates and changes in the top brass personnel.


Points taken. No worries, and ta for your comments.

Ian

idpickering
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Re: Greggs PLC (GRG)

#651293

Postby idpickering » March 5th, 2024, 7:04 am

Preliminary Results

· Total sales** up 19.6% on 2022 level, with LFL*** sales in company-managed shops up 13.7% year-on-year

· Underlying profit before tax excluding exceptional income up 13.1% to £167.7 million (2022: £148.3 million); underlying diluted earnings per share up 5.4% to 123.8p

· Robust cash position of £195.3 million supports both investment in growth and additional shareholder returns by way of a special dividend of 40.0p per share

· Final dividend of 46.0p per share recommended bringing total ordinary dividend per share of 62.0p per share, up 5.1% from 2022, in line with the growth in underlying diluted earnings per share


https://www.investegate.co.uk/announcem ... ts/8070166

Ian (No holding).


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