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

Its not one i follow closely Stan but was looking to short it earlier in the year but missed the boat but it still sits in one of watchlists. not sure how much further it can go at least not without a short term pull back

I bought into these earlier in the week - latest Trading Statement - from the 13th.

PRELIMINARY RESULTS FOR THE 53 WEEKS ENDED 2 JANUARY 2010



Pre-tax profit up 8.0% to 48.8m (2008*: 45.2m)

Sales up 4.8% to 658m: like-for-like sales up 0.8%

Diluted earnings per share up 11.1% to 34.0p (2008*: 30.6p)

Dividend per share up 11.4% to 16.6p: 25th consecutive year of dividend growth

Completed programme to create a simpler and more focused business

Created single brand and harmonised product ranges across UK

Beginning programme of accelerated expansion: 50 - 60 net new shops in 2010

Just me then!

not really .... i don't hold these, but i certainly saw at least one positive article about this bakery group several weeks ago ..... too late now? - hard to tell

I've sold half my holding @486

I bought about 7mths ago doing nicely now......will they keep going up ???????????

I bought about 7mths ago doing nicely now......will they keep going up ???????????

I bought about 7mths ago doing nicely now......will they keep going up ???????????

I bought about 7mths ago doing nicely now......will they keep going up ???????????

I bought about 7mths ago doing nicely now......will they keep going up ???????????

Interim Mangement Statement.

CONTINUED RESILIENT PERFORMANCE


The Chairman, Derek Netherton, will deliver the following Interim Management Statement to shareholders at the Annual General Meeting to be held in Newcastle upon Tyne later this morning.


"I am pleased with our year to date performance in a trading environment that remains challenging. For the 18 weeks to 8 May 2010, total sales increased by 2.6 per cent and like-for-like sales by 0.6 per cent, consistent with our expectations of marginally positive like-for-like sales growth over the year. This has been achieved against our strongest period of like-for-like sales in 2009. Overall costs to date are in line with our plans.

Hopefully this explains the large volume last week and should bring some upward movement. NOTIFICATION OF MAJOR INTEREST IN SHARES

INTERIM RESULTS - Expansion plans on track


RNS Number : 7980Q
Greggs PLC
10 August 2010

GREGGS plc
INTERIM RESULTS FOR THE 26 WEEKS ENDED 3 JULY 2010

Greggs is the leading bakery retailer in the UK,
with over 1,400 retail outlets throughout the country,
serving freshly baked products to six million customers each week

EXPANSION PLANS ON TRACK

� Sales up 2.9% to GBP321m (2009: GBP312m); like-for-like sales up 0.7%
� Operating profit up 13.1% to GBP18.5m (2009: GBP16.3m)
� Pre-tax profit up 12.3% to GBP18.6m (2009: GBP16.5m)
� Underlying operating profit up 4%
� Interim dividend increased 5.8% to record 5.5p per share
� Diluted earnings per share up 12.4% to 12.7p (2009: 11.3p)
� Net cash of GBP24.6m (2009: GBP14.9m) after GBP4.5m share buyback
� 26 new shops opened: net increase of 18 in half year

Interim Management Statement.

Greggs continues to make good progress and has delivered sales growth in the current financial year to date, despite an increasingly challenging trading environment. Total sales for the 39 weeks ended 2 October 2010 increased by 2.6 per cent, including like-for-like growth of 0.5 per cent. In the third quarter (13 weeks to 2 October 2010) total sales grew by 2.1 per cent, including a like-for-like sales increase of 0.2 per cent.

Quite a fall off since the start of the year - trading update on Wednesday!

CHRISTMAS AND NEW YEAR TRADING UPDATE


RECORD CHRISTMAS WEEK



Highlights

Christmas trading period* - total sales up 3.5%, like-for-like sales up 0.6%


Financial year 2010** - total sales up 2.2%, like-for-like sales up 0.2%


Record shop opening programme adding 68 net new shops during the year




* five weeks ending 8 January 2011 which includes the comparable bank holidays in 2009/10

** 52 weeks ending 1 January 2011 compared with the equivalent 52 weeks of the 53-week financial year in 2009

Preliminary Results.

ANOTHER YEAR OF GOOD PROGRESS



Record pre-tax profit: up 7.9% to 52.5m (2009: 48.8m)

Sales up 2.1%* to 662m: like-for-like sales up 0.2%

Record numbers of new shop openings and refits: net addition of 68 new shops

Diluted earnings per share up 9.7% to 37.3p (2009: 34.0p)

Dividend per share up 9.6% to 18.2p: 26th consecutive year of dividend growth

Maybe looking a bit topy? - 534 is the 12 month high.