Greggs Trading Update - Willu Invest


21 Broadwater Close,
Burwood Park,
Surrey, KT12 5DD

+44 203 7453 753



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    Greggs Trading Update

    Sales increased in the third quarter, adding that it expects cost pressures from rising ingredient prices to start easing this year
    Total sales grew 8.6% compared with 5.6% the previous year, while like-for-like sales in company-managed shops rose 5% from 2.8%
    A net 66 shops have been opened in the year to date (37 franchise units), bringing the total to 1,830
    The shares have had a solid run over the last year (+23%) and 3m (+16%) and now trade on 18.6x cal-18 PE

    As of 8.02am the stock was trading up c. 1.36% at c.1267p

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