Greggs PLC
GRG
ISIN GB00B63QSB39 / Valor 10020730
Greggs PLC
UMushroom community rating:
About company
Greggs PLC is a UK-based bakery chain that specializes in selling a variety of fresh bakery goods, sandwiches, sweets, and drinks.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (14.08.2024):
Total Sales
In the first half of 2024, Greggs PLC reported total sales of £960.6 million, marking a 13.8% increase compared to £844.0 million in the same period of 2023. This growth reflects the company's continued strategic progress and successful expansion efforts.
Underlying Pre-Tax Profit
Greggs PLC's underlying pre-tax profit, excluding exceptional items, rose by 16.3% to £74.1 million in the first half of 2024, up from £63.7 million in the first half of 2023. This increase underscores the company's effective cost management and operational efficiency.
Dividends
For the first half of 2024, Greggs PLC declared an ordinary interim dividend of 19.0 pence per share, representing an 18.8% increase from the 16.0 pence per share declared in the first half of 2023. This reflects the company's strong financial performance and commitment to returning value to shareholders.
Cash Balance
As of June 2024, Greggs PLC reported a cash balance of £141.5 million, down from £195.3 million in December 2023. The reduction in cash balance is attributed to the company's ongoing capital investment programme aimed at supporting its growth strategy.
Outlook
Greggs PLC remains confident in its long-term growth strategy, with plans to open between 140 to 160 net new shops in 2024. The company continues to invest in its supply chain and technology to support its ambitious expansion plans, ensuring sustained growth and market leadership.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3527 M
Market cap (USD)
31,275
Daily traded volume (Shares)
27.74 / 27.38
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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