Greggs has managed to navigate a challenging Q4 for the UK high street to report an in line outcome for FY15. We feel this is a positive closing to a hugely successful year which is projected to deliver 27% y-o-y EPS growth, following a 42% uplift in FY14. We make no changes to forecasts except for an upgrade in cash. Going forward, we have high conviction that the positive consumer backdrop and a much improved retail/product proposition will allow Greggs to be a winner in the growing food-onthe ....
12 Jan 2016
Tricky Q4 successfully navigated to deliver an in line FY15
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Tricky Q4 successfully navigated to deliver an in line FY15
Greggs plc (GRG:LON) | 2,890 867 1.0% | Mkt Cap: 2,955m
- Published:
12 Jan 2016 -
Author:
Sahill Shan -
Pages:
4
Greggs has managed to navigate a challenging Q4 for the UK high street to report an in line outcome for FY15. We feel this is a positive closing to a hugely successful year which is projected to deliver 27% y-o-y EPS growth, following a 42% uplift in FY14. We make no changes to forecasts except for an upgrade in cash. Going forward, we have high conviction that the positive consumer backdrop and a much improved retail/product proposition will allow Greggs to be a winner in the growing food-onthe ....