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

GRG Greggs On the verge of a breakout from the short term range and a new high. Results on the 13th next week.

Trading Update

Greggs is the leading bakery food-on-the-go retailer in the UK,
with 1,650 retail outlets throughout the country

Very strong finish to the financial year


Christmas trading
· December* own shop like-for-like sales up 8.2% (2013 comparable period up 3.1%)
· Very strong Christmas trading focused on serving the food-on-the-go customer

Financial year 2014**
· Total sales up 5.5%, own shop like-for-like sales up 4.5%
· Fourth quarter own shop like-for-like sales up 6.0%
· Estate improvement programme - 213 shop refurbishments completed in the year
· 50 new shop openings (including 20 with franchise partners), 71 closures
· 1,650 shops trading as at 3 January 2015
· Full year results anticipated to be above previous expectations

* Five week period ended 3 January 2015
** 53 weeks ended 3 January 2015 (total sales growth compares with 52 weeks in 2013)

more...

Well done to holders here!

Preliminary Results

A YEAR OF EXCEPTIONAL PROGRESS

Financial highlights
· Total sales up 5.5% to £804.0m (2013: £762.4m)
· Own shop like-for-like sales* up 4.5% (2013: 0.8% decline)
· Property gains on disposal of £1.5m (2013: £1.3m)
· Pre-tax profit excluding exceptional items** up 41.1% to £58.3m (2013: £41.3m)
· Excellent returns on capital invested
· Continued strong cash generation, resuming buyback programme
· Dividend per share up 12.8% to 22.0p (2013: 19.5p)

* like-for-like sales in own shops (excluding franchises) with a full year's trading history
** before exceptional pre-tax charge of £8.5m (2013: exceptional pre-tax charge of £8.1m)

Operational highlights
· Food-on-the-go focus delivering growth
· Upgraded coffee sales now c.£1 million per week
· Strong growth from 'Balanced Choice' range
· Growing customer participation in value deals
· Much improved market conditions
· 213 shop refits completed in the year
· 50 new shops opened, 71 closures
· 1,650 shops trading at 3 January
· Initial benefits of change programme delivered ahead of schedule


"2014 was a year of significant change and an exceptional step up in performance for Greggs as we began to implement our new strategic plan centred on the growing food-on-the-go market. We have improved both our food offer and the shop experience for customers. Market conditions have been more favourable and like-for-like sales have grown throughout the year. This has resulted in record underlying profits for the financial year. Overall we are confident of delivering a further year of good growth and progress against our strategic plan in 2015."

- Roger Whiteside, Chief Executive

Berenberg Sell 1,020.00 1,020.00 - 820.00 Initiates/Starts

Greggs: The baker that is stopping selling loaves

Canaccord Genuity 15/05 Reiterates Buy 1,350.00p

Another new high!

Interim Management Statement - 29th July 2015

Inteirm Results

A STRONG FIRST HALF

Financial highlights
· Total sales up 6.4% to £398m (2014: £374m*)
· Own shop like-for-like sales up 5.9% (2014: 3.2%)
· Prior year restructuring benefits contributed £2.4m year-on-year
· Pre-tax profit £25.6m (2014: £16.9m excluding exceptional items)
· Diluted earnings per share 19.5p (2014: 12.5p)
· Continued strong cash generation
· Ordinary interim dividend per share of 7.4p (2014: 6.0p)
· Special dividend of 20.0p paid on 17 July 2015

Operational highlights
· Continued growth in average transaction value and customer visits
· Good results from sales initiatives:
- extension of "Balanced Choice" range
- further growth in breakfast sales
· Shop refurbishment programme progressing well:
- 118 refits and 12 café conversions completed
· Return to net shop growth (44 new shops opened, 30 closures)
· 1,664 shops trading at 4 July 2015
· Further efficiencies from change programme

i have never bought into this one, but perhaps not too late now
the company certainly looks to have found focus and a good touch and is now consistently bringing in the results ...... a bit like DOM which i have held for quite a long time

Greggs the baker reported a healthy 5.2% rise in sales for the 52 weeks to 2 January 2015 and said it expected full year results to be in line with expectations. The company said statutory total sales for the 52 weeks of 2015 up 3.7% against a 53 week year in 2014.

Canaccord Genuity Buy 1,066.50 1,350.00 1,325.00 Reiterates

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

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."

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

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.

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

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."

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