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greggs - recent fall overdone? (GRG)     

bishopjeremy - 16 Dec 2003 22:35

Just wondering if the recent fall in Greggs has been overdone. Being based in the north-east,they still maintain market superiority. Some of the staff I have spoken to seem to be getting all the overime they can handle and one of the major local rivals, Peters (70 stores in the area), has been closed for the last few days due to a fire at their distribution centre.

Any thoughts welcome

cynic - 12 Jan 2016 14:26 - 107 of 128

crikey!
these sure fell out of bed this morning, so i don't knowm what the market was expecting

skinny - 01 Mar 2016 09:35 - 108 of 128

Preliminary Results

PRELIMINARY RESULTS FOR THE 52 WEEKS ENDED 2 JANUARY 2016

Greggs is the leading bakery food-on-the-go retailer in the UK,
with 1,700 retail outlets throughout the country

EXCELLENT OPERATIONAL AND FINANCIAL PERFORMANCE

2015 Financial highlights
· Total sales up 5.2% to £835.7m (excluding 53rd week in 2014)
· Company-managed shop like-for-like sales* up 4.7% (2014: 4.5%)
· Pre-tax profit excluding exceptional items** up 25.4% to £73.0 m (2014: £58.3m)
· Strong cash generation supported capital investment and £20m special dividend
· Total ordinary dividend per share up 30.0% to 28.6p (2014: 22.0p)

* like-for-like sales in Company-managed shops (excluding franchises) with a full year's trading history
** before exceptional pre-tax charge of £8.5m in 2014

Strategic progress
· Growth driven by our strategy to focus on the growing food-on-the-go market

· Further improvements to product range launched, including 'heat-to-eat' sandwich range and extended breakfast menu

· 'Balanced Choice' range of healthier options now accounts for 10% of total sales

· 202 shop refurbishments plus 20 café conversions

· 122 new shops opened, 74 closures; 1,698 shops trading at 2 January 2016

· Investment in systems to simplify processes and improve efficiency on track

· Planned £100m investment in manufacturing and distribution operations over the next five years

"In 2015 we delivered another excellent performance in the second year of our strategy to transform Greggs from a traditional bakery business into a modern, attractive food-on-the-go retailer.

We have made significant progress across the business change programme, consequently our estate is stronger and our products, value and service are all improving the experience for customers.

This year has started well and the consumer outlook remains positive with disposable incomes expected to grow further in 2016. Overall 2016 will be another year of significant change as we advance with our strategic plan and propose major investment in our supply chain. Alongside this we are confident of delivering a further year of underlying growth."

cynic - 01 Mar 2016 09:41 - 109 of 128

looks like a lot of shorters caught on the wrong foot as sp now +135!

skinny - 09 May 2016 07:45 - 110 of 128

TRADING UPDATE

Greggs is the leading bakery food-on-the-go retailer in the UK,
with over 1,700 retail outlets throughout the country

A good start to the year

· Total sales up 5.7% in first 18 weeks of 2016 (2015: 5.9%)

· Company-managed shop like-for-like sales in the first 18 weeks up 3.7% (2015 comparator period: 6.0%)

· 55 shop refits completed

· 43 new shops opened, 21 closures

· Breakfast, hot sandwiches and 'Balanced Choice' options driving growth

· Consultation on supply chain investment proposals progressing


In advance of the company's AGM tomorrow, Greggs plc is providing an update on its business.

Trading performance

Total sales for the 18 weeks to 7 May 2016 grew by 5.7 per cent and like-for-like sales in company-managed shops grew by 3.7 per cent over the same period. As has been widely reported, conditions on the High Street were softer in March before recovering in recent weeks; these conditions were reflected in our own performance.

The improvements made to our shops and our product range continue to drive growth in sales. Our hot sandwich range and extended breakfast menu have proved particularly popular and the introduction of our flat white coffee is helping to continue our delivery of double-digit growth in sales of hot drinks. We have extended our fresh fruit offer and have been encouraged by trials of our upgraded range of salads, which are freshly prepared in store and now available nationwide. All salads meet our Balanced Choice criteria and include some innovative new products such as Teriyaki Chicken Noodle and Falafel with Houmous.

Shops

In the first 18 weeks we completed 55 shop refurbishments and in total will refit around 200 shops this year. These transformational investments continue to drive incremental sales growth as customers enjoy the improved shopping environment and additional facilities such as seating.

In the year to date we have opened 43 new shops, including 23 franchised units in transport locations. We closed 21 shops, giving a total of 1,720 shops trading at 7 May (comprising 1,592 company-managed shops and 128 franchised units). Our shop openings continue to focus on new food-on-the-go locations and the relocation of existing shops to support further growth. In March we opened our first company-managed shop in Northern Ireland, at Boucher Retail Park in Belfast. The shop is trading well and in the next few weeks we will open our first unit in central Belfast.


Consultation on supply chain investment proposals

At the time of our preliminary results in March we announced that we would be entering into consultation with trade union and employee representatives to consider proposals to close three bakeries as part of a proposed £100m investment programme in our manufacturing and distribution operations. The formal collective consultation on our proposals has now ended and we are progressing with our plans to close the three bakeries involved. The smallest site at Sleaford is now being closed and we expect to close our Twickenham bakery in the fourth quarter of 2016 followed by Edinburgh in the second quarter of 2017.

Our people impacted by these proposals have demonstrated their commitment and professionalism during a difficult period and our focus now is to work with them individually to ensure that we manage these changes in line with Greggs' values as a responsible employer. Alongside these closures we will continue to develop our plans to invest in our remaining supply chain network over the next five years in order to create centres of excellence serving our growing shop estate.

Outlook

We have made a good start to the year. Input cost inflation remains low despite increased wage costs and, with a strong pipeline of product initiatives and plans to invest in our shops and supply chain, we expect to make progress in line with our previous expectations.

skinny - 02 Aug 2016 07:26 - 111 of 128

Interim Results

Greggs is the leading bakery food-on-the-go retailer in the UK,
with over 1,700 retail outlets throughout the country

A GOOD FIRST HALF PERFORMANCE

Financial highlights
· Total sales up 6.0% to £422m
· Company-managed shop like-for-like sales up 3.8%
· Operating profit excluding property gains and exceptional charge* up 6.7% to £27.2m (2015: £25.5m)
· Property disposal gains of £2.2m (2015: £0.1m)
· Diluted earnings per share excluding exceptional charge* 22.3p (2015: 19.5p)
· Pre-tax profit including property profits and exceptional charges £25.4m
· Continued strong cash generation: £44.7m net inflow from operating activities
· Ordinary interim dividend per share of 9.5p (2015: 7.4p)

*before exceptional pre-tax charge of £4.0m (2015: £ nil) in relation to previously announced restructuring

Operational highlights
· Good results from sales initiatives:
- strengthening of 'Balanced Choice' range
- further development of breakfast and hot drinks offer
- successful launch of improved Greggs Rewards app
· Shop refurbishment programme progressing well:
- 86 shop refurbishments completed year-to-date, planning 200 for the year
· 68 new shops opened, 36 closures; expect around 70 net new shops in the year
· 1,730 shops trading as at 2 July 2016

"In the first half of 2016 we delivered good like-for-like growth by reinforcing the freshness and value of our offer in line with changing trends in the food-on-the-go market. We added to our "Balanced Choice" range with sales growing strongly as more and more of our customers recognise the quality, range and value we offer in these healthier food choices.

"We have made an encouraging start to the second half of the year and are alert to any change in consumer demand that may result from the current economic uncertainty. Overall, we expect to deliver full-year growth in line with our previous expectations as well as further progress against our strategic plan."
- Roger Whiteside, Chief Executive

HARRYCAT - 17 Jan 2017 08:06 - 112 of 128

StockMarketWire.com
Bakery group Greggs achieved its 13th consecutive quarter of like-for-like sales growth and expects full year results for 2016 to be slightly ahead of previous expectations.

Greggs says that for the 2016 financial year as a whole (52 weeks ended 31 December 2016) total sales grew by 7.0 per cent and company-managed shop like-for-like sales grew by 4.2 per cent.

Sales over the Christmas period were particularly strong, aided by a favourable trading pattern and, as a result, fourth quarter company-managed shop like-for-like sales grew by 6.4 per cent.

Excluding the final two weeks of the year fourth quarter like-for-like sales growth was 4.1 per cent.

Chief executive Roger Whiteside said: "We finished 2016 well, delivering our thirteenth consecutive quarter of like-for-like sales growth, and anticipate that we will report full year results for 2016 slightly ahead of our previous expectations. "In the year ahead, whilst we will undoubtedly see a number of well-documented industry headwinds, we are confident we will continue to make progress with the implementation of our strategic plan, including significant investment in our capability to supply a growing shop estate."

skinny - 01 Aug 2017 07:48 - 113 of 128

Interim Results

First half financial highlights
· Total sales up 7.3% to £453m
· Company-managed shop like-for-like sales* up 3.4%
· Operating profit excluding property gains** and exceptional charge*** up 1.8% to £27.6m
· Exceptional costs of £8.3m relating to previously announced restructuring
· Pre-tax profit including property profits and exceptional charges £19.4m
· Continued strong cash generation: £34.0m net inflow from operating activities
· Ordinary interim dividend per share up 8.4% to 10.3p

* like-for-like sales in Company-managed shops (excluding franchises) with a calendar year's trading history
** freehold property disposal gains of £0.3m in 2017 (2016: £2.2m)
*** exceptional pre-tax charge of £8.3m in 2017 (2016: £4.0m) in relation to previously announced restructuring


Operational highlights
· Continued like-for-like sales growth from:
- Coffee and breakfast
- 'Balanced Choice' range including new salads and drinks
- Hot food choices
- Traditional savoury favourites
· Shop opening programme progressing well:
- 61 new shops opened, 19 closures; expect around 100 net new shops for the year as a whole
- 1,806 shops trading as at 1 July 2017
· Roll out of new central forecasting and replenishment system successfully completed ahead of plan
· Supply chain investment programme on track

skinny - 10 Aug 2017 16:05 - 114 of 128

Berenberg Buy 1,172.50 1,020.00 1,300.00 Upgrades

Stan - 04 Oct 2017 16:08 - 115 of 128

Yesterday's Trading statement http://www.moneyam.com/action/news/showArticle?id=5688640

Not traded these for ages but a tidy chart over the last year or so noted.

HARRYCAT - 28 Feb 2018 12:24 - 116 of 128

StockMarketWire.com
Greggs reported 3.7% like-for-like sales in the year to the end of December, down from the 4.2% growth reported in 2016 amid challenging consumer environment.

The company said economic conditions became more challenging in 2017, as business cost inflation rose due to food ingredient and labour cost increases. This contributed to year-on-year margin slippage.

Total sales rose 7.4% to £960m from £894.2m , while pre-tax profit fell to £71.9m from £75.1m.

The bakery chain increased its dividend by 4.2% to 32.3p per share, compared with 31p per share last year.

"In 2017 we delivered another strong performance in challenging economic circumstances as rising inflation impacted both our own costs and customers' disposable income.

'At the same time we continued to make good progress with our business transformation programme,' said Roger Whiteside, Chief Executive.

'Whilst the UK consumer outlook remains challenging, we are encouraged by the start to the year.

'2018 will be the peak year for investment in our supply chain as we create the platforms for further growth.

'We also plan to open a record number of new shops as we implement our plan to grow Greggs as a leading food-on-the-go brand.'

partridge - 28 Feb 2018 15:10 - 117 of 128

Cash generated from operations steady at nearly £135M a big plus for me, at a time when they are undergoing significant change. Slow growth punished today, perhaps a buying ooportunity for the brave (and patient) but always dyor.

HARRYCAT - 09 May 2018 10:04 - 118 of 128

StockMarketWire.com
Greggs warned on Wednesday it was cautious on the outlook for full-year sales given the 'uncertainties' over market footfall after reporting a slower pace of sales in the first 18 weeks of the year.

Total sales for the 18 weeks to 5 May 2018 grew by 4.7%, slower than the 7.4% growth seen in the same period a year ago as adverse weather in March and April weighed on footfall.

Like-for-like sales in company-managed shops grew by 1.3% over the same period, also slower than the 3.5% growth the prior period.

The firm said average transaction values continued to grow but like-for-like transaction numbers fell.

Greggs said it had opened 41 new shops during the period.

Claret Dragon - 06 Jul 2018 22:24 - 119 of 128

Greggs having a bit of a sell off.

Stan - 17 Sep 2018 21:04 - 120 of 128

Notice for trading update http://www.moneyam.com/action/news/showArticle?id=6130668

Stan - 09 Oct 2018 09:24 - 121 of 128

Results https://www.moneyam.com/action/news/showArticle?id=6159598

Up nearly 7.5%

Stan - 21 Nov 2018 08:09 - 122 of 128

Kames Capital Plc add https://www.moneyam.com/action/news/showArticle?id=6215282

Stan - 27 Nov 2018 08:33 - 123 of 128

Trading statement https://www.moneyam.com/action/news/showArticle?id=6221952

Up nearly 14%... the high street's dead you know 😉

Stan - 29 Nov 2018 15:44 - 124 of 128

Massachusetts Financial Services Company reduce https://www.moneyam.com/action/news/showArticle?id=6225448

Stan - 10 Dec 2018 11:30 - 125 of 128

Massachusetts Financial Services Company reduce again https://www.moneyam.com/action/news/showArticle?id=6237619

skinny - 09 Jan 2019 07:12 - 126 of 128

FOURTH QUARTER TRADING UPDATE

Greggs is the leading bakery food-on-the-go retailer in the UK,

with more than 1,950 retail outlets throughout the country


A strong finish to a year of significant strategic progress

Financial year 2018*

· Total sales up 7.2%

· Company-managed shop like-for-like sales up 2.9% (H1: 1.5%, H2:4.2%)

· 149 new shops opened in the year, 50 closures

· 1,953 shops trading as at 29 December 2018

· Full year underlying profit before tax expected to be at least £88m

* 52 weeks ended 29 December 2018 (2017: 52 weeks ended 30 December 2017)

more.....
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