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Greggs plc ( (GB:GRG) ) just unveiled an update.
Greggs plc has reported a successful year in 2024, marking a record £2 billion in sales with an 11.3% increase compared to the previous year. Despite subdued consumer confidence affecting high street footfall, the company managed to maintain its market share, driven by strategic shop openings and robust menu offerings. Greggs opened 226 new shops, resulting in a net increase of 145 shops, and plans to continue this expansion into 2025, supported by a strong pipeline of new opportunities. The company is also investing in expanding its supply chain capacity with new facilities in Derby and Kettering to support its ambitious growth plans. Looking ahead, Greggs remains confident in its ability to manage cost inflation and deliver continued progress in 2025.
More about Greggs plc
Greggs plc is a prominent player in the food and retail industry, specializing in baked goods, sandwiches, and beverages. The company operates a vast network of company-managed shops and franchised units, focusing on providing convenient food and drink options for customers on the go.
YTD Price Performance: 1.65%
Average Trading Volume: 230,308
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.85B
For a thorough assessment of GRG stock, go to TipRanks’ Stock Analysis page.
