Greggs
Improved sales boosted full-year profit in 2023 for British bakery chain Greggs PLC compared to 2022, the company reported on Tuesday. Greggs reported preliminary pre-tax profit of £188.3 million ($238.9 million) for the full year, higher than £148.3 million in the previous year. Excluding items, underlying profit before tax was up 13.1% at £167.7 million compared with £148.3 million a year ago. Net profit rose to £142.5 million, or 139.2 pence per share, from £120.3 million, or 117.5p per share, last year. Underlying profit was £126.7 million, or 123.8p per share, for the full year. Sales for...
DPA Breaking News
Greggs plc (LON:GRG)’s half year sales of £694.5m were 27.1% higher than last year, with like-for-like (LFL) sales up 12.3% compared to pre-pandemic levels. Despite the higher revenue, pre-tax profit was broadly flat at £55.8m, reflecting the re-introduction of business rates after a grace period during the pandemic, higher VAT and increased input costs from inflation. Looking ahead, the group said LFL sales in non-franchised shops were 13.1% higher in the four weeks to the end of July, but acknowledged “there are considerable uncertainties in the economy”. Greggs’ expectations for the full ye...
ValueWalk
Look ahead to FTSE 350 & other companies reporting from 2 to 6 August Q2 2021 hedge fund letters, conferences and more Greggs (LON:GRG) has been working hard on its recipe for recoveryIbstock (LON:IBST) navigates a tumultuous quarter for building suppliesTaylor Wimpey (LON:TW)’s sales rate will set the stage for the second halfRolls Royce (LON:RR) will update on its tepid long haul journey out of the crisisinvestors will be keen to find out if it’s full steam ahead for the recovery at __WPP \(LON:WPP\)__Frasers Group (LON:FRAS) has been cautious in its outlook despite the reopening of retail o...
ValueWalk
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