Greggs’ trading continues to be impressive, with better-than-expected like-for-like revenue growth in Q319 of 7.4% (against tougher comparatives) offset by lower-than-expected new space growth. In aggregate, trading is in line with expectations, therefore our forecasts and valuation are unchanged.
01 Oct 2019
Greggs - Continued strong like-for-like sales growth
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Greggs - Continued strong like-for-like sales growth
Greggs plc (GRG:LON) | 2,890 867 1.0% | Mkt Cap: 2,955m
- Published:
01 Oct 2019 -
Author:
Russell Pointon -
Pages:
3
Greggs’ trading continues to be impressive, with better-than-expected like-for-like revenue growth in Q319 of 7.4% (against tougher comparatives) offset by lower-than-expected new space growth. In aggregate, trading is in line with expectations, therefore our forecasts and valuation are unchanged.