Trust me, we’ve been thinking about market power and competition all wrong November 13, 2018 Economists, politicians, and commentators on both sides of the Atlantic are growing more concerned with the supposed “monopolisation” of the economy. In a 2017 report, the Social Market Foundation found that eight of 10 key British markets, including in phones, gas and groceries, were highly dominated by small numbers of companies. Its director, James Kirkup, [...]
Baking: Greggs blames sweltering summer for dip in sales growth October 9, 2018 Sales at on-the-go food retailer Greggs crumbled under the sweltering heat of 2018's long hot summer, but a trading update today showed top brass remain unfazed, with its share price up five per cent. The figures In the three months to 29 September 2018, total sales at Greggs rose 7.3 per cent, compared with 8.6 per cent in [...]
Greggs share price soars as profits leap and dividend rises July 29, 2015 Greggs' share price jumped nearly six per cent this morning after its first half results showed the business is on a (sausage) roll. The figures The retailer had a strong first half, with sales up 6.4 per cent to £398m and pre-tax profits leaping 51 per cent to £25.6m. The baked goods business is [...]
Greggs share price edges up as it serves up £20m special dividend April 29, 2015 The figures Proof of the might of the humble sausage roll: bakery chain Greggs said like-for-like sales rose 5.9 per cent in the first 16 weeks of the year, up from 3.8 per cent during the same time last year. It's completed 69 shop refurbishment, and plans to refit a total of 200 to 220 stores this year. It also opened 24 new [...]
Tasty: Greggs is on a roll with 41pc profit jump March 4, 2015 The figures Pre-tax profit at Greggs for the full year to the start of January jumped 41 per cent to £58.3m on sales of £804m, a rise of 5.5 per cent, as market conditions improved. The baker, which has 1,650 stores across the UK, said like-for-like store sales grew 4.5 per cent in comparison to [...]
Not just on a roll: Greggs sees sales surge with new offerings January 13, 2015 GREGGS’ sausage rolls, sandwiches and coffee proved popular over the festive period, as the bakery chain reported an 8.2 per cent surge in like-for-like sales in December. It said it now expects full-year results – out on 4 March – to be “above previous expectations”, after the robust performance over the five weeks to 3 [...]
Greggs’ Christmas sales jump, as it anticipates results above previous expectations January 13, 2015 Bakery Greggs has enjoyed strong sales over the Christmas period. Like-for-like own shop sales climbed 8.2 per cent, after it put the "food-on-the-go" customer at the centre of its focus over the holiday season. For the financial year, total sales grew 5.5 per cent, with like-for-like sales up 4.5 per cent. The company's estate improvement [...]
Greggs on a roll as sales rise 5pc on newproducts December 15, 2014 HOT DRINKS and sandwich chain Greggs yesterday said its strategy of launching new product ranges increased its sales, confirming its status as a growing rival for Pret a Manger, Starbucks and Costa. The bakery chain, which has nearly 1,700 stores, reported that sales grew 5.2 per cent in the six months to 13 December, ahead of [...]
Greggs’ share price soars after beefing up profit forecast December 15, 2014 The figures Bakery chain Greggs has reported a strong half-year trading, with like-for-like sales in its own shops up 5.2 per cent for the 24 weeks to December 13. That's quite an improvement on the growth it was seeing this time last year – 0.7 per cent on 2012 – and, as a result, Greggs [...]
Greggs profits fatten with health drive of sandwiches and coffee September 15, 2014 Greggs’ like-for-like profits rose 5.4 per cent in the last quarter after the bakery famous for sausage rolls modernised its line with healthy sandwiches and better coffee. The Newcastle-headquartered chain said sales grew by four per cent in the 11 weeks to 13 September, compared to the same time last year. The company said this [...]