Concise Notes to Myself about Companies I Own, Notes To Self

Notes To Self

Notes To Self is a space for me to write… notes to myself… about companies I own in a concise manner. These will not be blow-by-blows; I will only document what I find insightful. The format will be brief, and assume prior knowledge of the company if someone happens to read it. No deep dives, just commentary from a shareholder’s perspective.

Concise Notes to Myself about Companies I Own

Equity Bottom-Up

<ul><li>On March 5th, Greggs followed up the January trading update to release the remainder of its FY23 results.</li><li>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.</li><li>We also learned that the business opened 145 net new shops, bringing the total to 2,473 <em>(+6%)</em>, surpassed its 500th franchise store, and expanded delivery across partners UberEats and JustEat. </li></ul>

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. 

Greggs PLC

GRG: Half Way There