An unscheduled trading upgrade confirms impressive stronger than anticipated sales growth in October and November, on the back of a robust Q3 and tough prior year comparatives. Cautiously factoring in slightly weaker Christmas trading as shoppers increasingly favour buying online, we raise our FY18e PBT by 6.4%. Our valuation increases to 1,516p.
28 Nov 2018
Greggs - Raising earnings expectations
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Greggs - Raising earnings expectations
Greggs plc (GRG:LON) | 2,878 402.9 0.5% | Mkt Cap: 2,943m
- Published:
28 Nov 2018 -
Author:
Paul Hickman -
Pages:
3
An unscheduled trading upgrade confirms impressive stronger than anticipated sales growth in October and November, on the back of a robust Q3 and tough prior year comparatives. Cautiously factoring in slightly weaker Christmas trading as shoppers increasingly favour buying online, we raise our FY18e PBT by 6.4%. Our valuation increases to 1,516p.