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

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)

Oriel Securities Sell 525.50 523.50 400.00 400.00 Reiterates

Liberum Capital Sell 525.50 523.50 - 435.00 Reiterates

N+1 Singer Corporate 525.50 523.50 - - Reiterates

I'm not quite sure what the last one means.

Bang on the 150ma atm.

Interim Management Statement


· Total sales in the 17 weeks to 27 April 2013 up 3.0%

· Wholesale and franchise sales contributed 2.9% to overall sales growth

· Own shop like-for-like sales in the first 17 weeks down 4.4%

· Improved trend in latest two weeks: like-for-like sales down 1.5%

· 10 net new shops opened and 59 refits completed

Liberum Capital can't seem to make their mind up today!

Espirito Santo Execution Noble Neutral 428.35 450.00 450.00 Reiterates

Liberum Capital Sell 428.35 418.00 406.00 Reiterates

N+1 Singer Corporate 428.35 - - Reiterates

Liberum Capital Sell 428.35 418.00 418.00 Reiterates