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

Greggs having a bit of a sell off.

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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)

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Up over + 8%