bullish
GRG: Half Way There
SUMMARY
- On March 5th, Greggs followed up the January trading update to release the remainder of its FY23 results.
- The Jan trading update showed that revenues of £1.81 billion grew +20% in the year, with a healthy +13.7% like-for-like sales1 comp.
- We also learned that the business opened 145 net new shops, bringing the total to 2,473 (+6%), surpassed its 500th franchise store, and expanded delivery across partners UberEats and JustEat.
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