- Greggs reported full-year sales of GBP 2.01 billion for FY24, just slightly under the estimated GBP 2.03 billion.
- Sales for the year increased by 11.3% compared to the previous year.
- The company plans to maintain strong momentum in new shop openings for 2025, targeting a net addition of 140 to 150 new locations.
- This expansion includes the relocation of 50 current shops to new sites.
- Effective cost management in the final quarter helped keep financial performance in line with previous expectations for FY24.
- Analyst recommendations for Greggs include 8 buy ratings, 5 hold ratings, and 1 sell rating.
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 company known for its retail of sandwiches, savories, and bakery products, has been given varying Smart Scores across different factors. With a Growth score of 4 and a Momentum score of 4, the company seems to be on a positive trajectory for the long term. These scores suggest that Greggs has strong potential for expansion and is showing good momentum in the market.
However, the Value and Dividend scores are lower at 2 each, indicating that the company may not be currently considered undervalued and may not offer high dividend yields. The Resilience score of 3 suggests a moderate level of resilience in the face of economic challenges. Overall, considering the different Smart Scores, Greggs PLC seems to have a promising long-term outlook, particularly in terms of growth and market momentum.
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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