Greggs’ (GRG) AGM trading update (first 19 weeks of FY22) indicates it continues to trade well in what has undoubtedly become a more challenging environment due to deteriorating consumer confidence. Management’s profit expectations for FY22 of no material profit progression are unchanged as it believes further selective price increases will be required to offset higher cost inflation than originally anticipated, which is likely to be the same for its competitors. The prospective P/E multiples ha ....
17 May 2022
Greggs - Profit outlook maintained for FY22
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Greggs - Profit outlook maintained for FY22
Greggs plc (GRG:LON) | 2,878 0 0.0% | Mkt Cap: 2,943m
- Published:
17 May 2022 -
Author:
Russell Pointon -
Pages:
3
Greggs’ (GRG) AGM trading update (first 19 weeks of FY22) indicates it continues to trade well in what has undoubtedly become a more challenging environment due to deteriorating consumer confidence. Management’s profit expectations for FY22 of no material profit progression are unchanged as it believes further selective price increases will be required to offset higher cost inflation than originally anticipated, which is likely to be the same for its competitors. The prospective P/E multiples ha ....