- Greggs reports a 10.6% increase in third-quarter sales.
- Company-owned comparable sales are up by 5%.
- The company plans 140 to 160 net shop openings this year.
- Of these, around 50 will be relocations, and 55 net openings will be with franchise partners.
- Despite economic uncertainties, the Board expects the full year outcomes to match previous expectations.
- Capital expenditure for 2024 is projected to be between £250 and £280 million.
- The timing of the land purchase at Kettering is a key uncertainty affecting capital expenditure.
- Analysts’ ratings: 8 buys, 5 holds, and 0 sells.
A look at Greggs PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Greggs PLC, a renowned retailer of sandwiches and bakery products, seems to be in a favorable position for long-term growth based on its Smartkarma Smart Scores. With above-average ratings in Growth and Momentum, scoring 4 each, the company shows promising potential for expanding its business and maintaining positive stock performance over time. Additionally, a solid score of 3 in Resilience indicates Greggs’ ability to weather challenging economic conditions and market fluctuations.
Although the Value and Dividend scores are not as high, at 2 each, they still demonstrate a stable foundation for Greggs PLC. Overall, the combination of strong Growth, Momentum, and Resilience scores suggests that Greggs is well-positioned to capitalize on opportunities for future development and success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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