Greggs’ interim results highlighted that the consumer is responding well to the company’s transition to a leading food-on-the-go retailer. This has led to record revenue growth and a step change in gross margin, as well as enabling further investment to fund future growth initiatives, while funding a special dividend as expected. Our forecasts are broadly unchanged following four upgrades in six months.
06 Aug 2019
Greggs - More than just the vegan-friendly sausage roll
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Greggs - More than just the vegan-friendly sausage roll
Greggs plc (GRG:LON) | 2,803 -616.7 (-0.8%) | Mkt Cap: 2,866m
- Published:
06 Aug 2019 -
Author:
Russell Pointon -
Pages:
6
Greggs’ interim results highlighted that the consumer is responding well to the company’s transition to a leading food-on-the-go retailer. This has led to record revenue growth and a step change in gross margin, as well as enabling further investment to fund future growth initiatives, while funding a special dividend as expected. Our forecasts are broadly unchanged following four upgrades in six months.