bullish

Greggs PLC

Greggs - Growth moderates, but strategy on plan

123 Views10 May 2018 11:06
Issuer-paid
SUMMARY

Greggs’ management has been open in recognising that despite the Beast from the East and other extraordinary weather patterns, there is an underlying softening of demand. We have reduced forecasts, but see earnings growth continuing from a combination of like-for-like sales, shop expansion, and investment in the estate and manufacturing and fulfilment infrastructure. Greggs’ value positioning should place it well in a tight consumer market, and at these levels the valuation is attractive.

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  • Greggs - Growth moderates, but strategy on plan
    10 May 2018
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