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Greggs Plc Anticipates Materially Higher Sales For 2019
Greggs Anticipates 2019 Underlying PBT To Likely Be Ahead Of Previous Expectations
Greggs Now Expects 2018 FY Pretax Profit (Excluding Exceptional Charges) To Be At Least £86 Mln
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. The Company also provides frozen bakery products to its wholesale customers. The Company owns approximately 1,698 shops, 12 regional bakeries, one distribution center and one manufacturing center. The Company has approximately 105 franchised shops operating in travel and other convenience locations. The Company offers pastries and bakes, sandwiches, breakfast, sweets, pastas, salads and soups, bread, platters, drinks and snacks. The Company's Balanced Choice products offer choices, which have approximately 400 calories. The Company's sales are made to the general public, as well as to certain organizations.
Greggs House, Quorum Business Park
Ian C. Durant
Non-Executive Independent Chairman of the Board
Roger Mark Whiteside
Chief Executive, Executive Director
Richard J. Hutton
Finance Director, Executive Director
Jonathan D. Jowett
General Counsel, Company Secretary
Senior Non-Executive Independent Director
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Vegan sausage rolls lured more people into the bakery stores of Britain's Greggs <GRG.L>, helping drive a 58% first half profit rise as they also snapped up coffees, sandwiches and cakes.
Greggs, the British baker and food-on-the-go retailer, posted a 58% rise in first-half profit on Tuesday, driven by a boost to sales from the popularity of its vegan sausage rolls.
Rising demand for Greggs Plc's vegan sausage rolls prompted the British baker to raise its annual forecast for the second time this year, sending its stock price to an all-time high.
Britain's FTSE 100 bounced back as investors returned to equities after U.S. President Donald Trump backed trade discussions with China to be successful, while baker Greggs hit a life-high on brighter 2019 prospects.
British baker Greggs on Tuesday said it sees sales and profit for 2019 materially higher than its earlier expectations, as its vegan sausage rolls continue to be a big hit with consumers.
British baker and takeaway food group Greggs said on Thursday it expected to pay a special dividend in July after a "very strong" start to 2019 as it reported a 10 percent rise in 2018 profit.
British baker and takeaway food group Greggs reported a 10 percent rise in 2018 profit and said it had made a "very strong" start to its new financial year.
Strong demand for Greggs' new vegan sausage roll prompted Britain's biggest baker to raise its 2019 profit expectations on Tuesday, boosting its shares to a record high.
Sales of a new vegan sausage roll drove a 14 percent rise in sales for British high street baker Greggs in the first seven weeks of 2019 and prompted the company to promise underlying pretax profit ahead of previous expectations.
** British baker Greggs shares up >5 pct to a record high; among top gainers on FTSE Mid 250 index
British baker Greggs <GRG.L> nudged up its 2018 profit forecast to at least 88 million pounds ($112 million) after demand for its festive bakes, mince pies, hot drinks and breakfast items led to a "very strong" finish to the year.
British baker Greggs nudged up its 2018 profit forecast to at least 88 million pounds ($112 million) after a "very strong" finish to the year driven by demand for its festive bakes, mince pies, hot drinks and breakfast items.
Greggs Plc <GRG.L> expects higher pre-tax profit in 2018 compared with a year earlier, the British baker said on Tuesday, as it benefits from cost cuts and stronger sales in October and November.
British baker Greggs <GRG.L> reported a pick up in underlying sales growth in the third quarter of its financial year, as soft drinks and new focaccia-style pizzas proved popular during a sizzlingly hot summer.
British baker Greggs reported a 3.2 percent rise in like-for-like sales for the third quarter, an improvement on its first half, after its drinks range and new focaccia-style pizzas proved popular during a particularly hot summer.
Greggs <GRG.L> reiterated its full-year profit forecast on Tuesday, sending shares in the British baker higher after a push into healthier foods helped confound fears that the warm weather would put customers off its hot meals and drinks.
British baker Greggs <GRG.L> warned on full year profit on Wednesday, blaming March's cold snap and waning consumer spending, hammering its shares and adding to concerns of slow UK growth.
The London stock market opened in positive territory on Wednesday, lifted by strong results by tobacco company Imperial Brands and oil stocks following the United States' decision to pull out of the international Iran nuclear deal.
British baker Greggs warned on Wednesday that underlying profit for 2018 was likely to fall short of expectations and be at a similar level to 2017, held back by uncertainty over consumer demand.
British baker Greggs <GRG.L> will open a record number of new shops in 2018 and plans to extend its overall target beyond the 2,000 originally projected, it said on Tuesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.