Greggs finished 2019 with accelerating revenue growth. It continues to benefit from increasing customer growth as the brand strengthens and it takes share in the ‘food-on-the-go’ market. With increased cost pressures, management remains confident of mitigating these through ongoing business efficiencies and select price increases, where possible, and some one-off benefits. Our forecasts, which are at the high end of consensus, are broadly unchanged. Our DCF-based valuation is 2,096p.
08 Jan 2020
Greggs - ‘A very strong finish to a spectacular year’


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Greggs - ‘A very strong finish to a spectacular year’
Greggs plc (GRG:LON) | 2,066 1342.9 3.3% | Mkt Cap: 2,095m
- Published:
08 Jan 2020 -
Author:
Russell Pointon -
Pages:
3 -
Greggs finished 2019 with accelerating revenue growth. It continues to benefit from increasing customer growth as the brand strengthens and it takes share in the ‘food-on-the-go’ market. With increased cost pressures, management remains confident of mitigating these through ongoing business efficiencies and select price increases, where possible, and some one-off benefits. Our forecasts, which are at the high end of consensus, are broadly unchanged. Our DCF-based valuation is 2,096p.