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

Interim Management Statement.


RESILIENT PERFORMANCE

Third quarter total sales up 5.4%, like-for-like sales up 0.8%

Year to date total sales up 4.6%, like-for-like sales up 0.6%

Net 53 new shops opened year to date; on track for record 80 net new openings

Two new bakeries operational following 21m investment

RNS Number : 3407V

Greggs PLC

11 January 2012

GREGGS plc

CHRISTMAS AND NEW YEAR TRADING UPDATE

Greggs is the leading bakery retailer in the UK,
with over 1,550 retail outlets throughout the country,
serving freshly baked products to six million customers each week

EXCELLENT CHRISTMAS DESPITE TOUGH TRADING CONDITIONS


-- Christmas and New Year trading period* total sales up 10.8%,
like-for-like sales up 5.1%
-- Financial year 2011** total sales up 5.8%, like-for-like
sales up 1.4%
-- Record shop opening programme, adding 84 net new shops during
2011
-- On track to deliver 2011 results in line with expectations
*

* five weeks ending 7 January 2012

** 52 weeks ending 31 December 2011

Chief Executive Ken McMeikan comments:

An excellent Christmas boosted our sales performance at the end of a tough year for high streets. For the five week Christmas and New Year trading period ending 7 January 2012, total sales grew by 10.8 per cent and like-for-like sales by 5.1 per cent.

Highlights during the Christmas period included record sales of our award-winning sweet mince pies with more than seven and a half million sold since the launch of our seasonal range, a 27 per cent increase in sales of Festive Bakes and coffee sales up 21 per cent.

For our financial year as a whole (52 weeks ending 31 December 2011) total sales grew by 5.8 per cent and like-for-like sales by 1.4 per cent.

The level of cost inflation in food ingredients began to ease towards the end of the year in line with our forecasts. Rising food and energy costs have been a feature of 2011 but to reduce the impact on customers we have continued to invest in promotional activity in order to maintain our value position in what has remained a very competitive market. Despite these pressures, we anticipate that we will report full year results in line with expectations when we make our preliminary announcement on 14 March 2012.

During the year we opened a record 98 new shops and delivered a net increase of 84, after 14 closures, to give us a total of 1,571 shops at 31 December 2011. We also completed 170 shop refurbishments. Our continued expansion created some 800 new jobs, lifting our total employee numbers above 20,000 for the first time.

We anticipate that the tough trading environment will continue during 2012, with consumers' disposable incomes remaining under pressure. We will therefore continue to focus on maximising our customer appeal through product innovation and strong promotional activity, building on Greggs' already excellent reputation for value.

We expect another year of marginally positive like-for-like sales growth in 2012 while total sales will benefit from the opening of around 90 net new shops, creating a further 800 new retail jobs and making Greggs even more accessible to customers across the UK.

Ding dong!

Preliminary Results.



· Sales up 5.8% to £701m

· Like-for-like sales up 1.4%

· Pre-tax profit* up 1.1% to £53.1m

· Diluted earnings per share* up 4.0% to 38.8p

· Dividend per share up 6.0% to 19.3p: 27th consecutive year of dividend growth

· Record numbers of new shop openings: net addition of 84 new shops

· £21 million investment in two new bakeries completed on time and within budget

* before exceptional items: 2011 pre-tax credit £7.4m (2010: nil)

Take your pick :-

Liberum Capital reiterates it's Sell TP 538.75p

Shore Capital reiterates it's Buy TP 538.75p

Liberum Capital reiterates it's Sell TP 538.75p

N+1 Brewin Downgrades to Hold TP 570.00p

Looks OK to me. Compounding effect of dividends very powerful - if you can wait 27 years!

Up today - trading statement tomorrow.

Interim Management Statement.

NEW SHOPS DRIVE SALES GROWTH IN TOUGH MARKET

· Total sales in first 19 weeks up 4.3%

· Like-for-like sales down 1.8%

· Net 20 new shops opened and 42 refits completed

· Wholesaling expanded with eight new frozen take-home products

· Second "Greggs moment" coffee shop opened

"Pasty Tax" effect - extended auction.

Interim Results

NEW SHOPS AND NEW CHANNELS DRIVE SALES GROWTH

· Sales up 4.5% to £350m (2011: £335m): like-for-like sales down 2.3%
· Pre-tax profit down £0.8m to £16.5m (2011: £17.3m*)
· Dividend per share up 3.4% to 6.0p (2011: 5.8p)
· 33 net new shops opened, on track for net 90 during year
· Sales through Iceland Foods exceeding expectations
· Motorway services shops to expand to 30 Moto sites creating an additional 500 jobs

Greggs' healthy lift from Olympics


It may not be the healthiest of snacks, but visitors to the Olympic park can't get enough of pasties and savouries from Greggs, the UK's biggest High Street baker.

Takings at its Westfield Stratford store smashed the company's sales records last week despite restricted numbers at the shopping mall last weekend.

Shops close to the Olympics venues are seeing business boom by up to 80 per cent. Sales across London are 10 per cent up.

Interim Management Statement

· Total sales up 5.9% for the 14 weeks to 6 October 2012

· New channels contributing 3.5% to total sales growth

· Like-for-like sales down 2.6%

· 'Bake at home' sales through Iceland continue to perform strongly

· New motorway services shops opened in partnership with Moto

· Net 70 new shops opened year to date, ahead of expectations

Board changes not going down too well.

12 month low 451p June 2012.

2 year chart.

Christmas and New Year Trading Update

RESILIENT CHRISTMAS PERFORMANCE - TOTAL SALES UP 4.3%

Christmas and New Year trading period*

· Total sales up 4.3%

· New wholesale and franchising revenues contributed 3.0% to total growth

· Like-for-like sales down 2.9% against strong 2011 comparatives (2011: up 5.1%)

Financial year 2012**

· Total sales up 4.8%

· New wholesale and franchising revenues contributed 2.8% to total growth

· Like-for-like sales down 2.7%

· Record shop opening programme added 100 net new shops

· Full year results anticipated to be broadly in line with expectations

*5 weeks ending 5 January 2013 (2011: 5 weeks ending 7 January 2012)
**52 weeks ending 29 December 2012

Norges Bank > 3%

Final Results Wed 20th.

Canaccord Genuity Hold 518.00 518.00 380.00 485.00 Upgrades

Preliminary Results

SALES UP 4.8%, DRIVEN BY NEW SHOP OPENINGS AND WHOLESALE

· Total sales up 4.8% to £735m

· 100 net new shops opened

· Wholesale and franchise sales contributed 2.8% points to sales growth

· Like-for-like sales down 2.7%

· Pre-tax profit* down 2.2% to £51.9m

· Diluted earnings per share* up 0.5% to 39.0p

· Dividend per share up 1.0% to 19.5p

* before exceptional items: 2012 pre-tax credit £1.4m (2011: pre-tax credit £7.4m)