Greggs news and analysis – Page 6
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NewsPositive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
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NewsGreggs chief becomes latest to disagree with Iceland boss’s call on isolation
’I don’t feel I’m in a position to call for isolation periods to be shortened,’ Greggs CEO Roger Whiteside told The Grocer
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Analysis & FeaturesFood & drink in the stock market: who’s up and who’s down?
Covid, Brexit, labour shortages – plcs have had plenty to contend with. So how have stocks fared amid the turmoil?
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NewsCity snapshot: Greggs’ CEO Whiteside to retire as it upgrades profit guidance
Food to go and bakery giant Greggs has lifted full year earnings expectations despite “tough trading conditions” as it announces the retirement of long-time CEO Roger Whiteside. Plus, upgrades from retailers B&M and Next though Christmas footfall disappoints.
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NewsCity News: Greggs back in profitability but rising costs worry investors
High street stalwart Greggs roared back to growth and profitability in the first half of 2021, but the looming spectre of rising costs dented investor confidence this week
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Comment & OpinionGreggs is back in profit, but rising costs are a dampener on celebrations
Greggs became the latest food company to point to rising costs as a major threat to profitability
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NewsCity snapshot: Greggs to create 500 jobs as first half sales and profits rebound
Greggs has bounced back to first half profitability as sales recovered due to the relaxation of coronavirus restrictions
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NewsCity Snapshot: Greggs sales recovery continues at stronger-than-expected pace
Greggs has continued to see customers flooding back to its stores in greater than expected numbers since the relaxing of coronavirus restrictions, the high street bakery chain said in an unscheduled trading update. Plus, Coca-Cola HBC acquires minority stake in premium Italian coffee company Caffè Vergnano.
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Comment & OpinionFood to go’s ‘strong rebound’ is set to begin driving innovation again
Morrisons says meal deal sales have surged to above pre-pandemic levels
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NewsCity Snapshot: Greggs profits from easing of lockdown as sales surge
Profits at Greggs look set to return to pre-Covid levels quicker than expected after sales at the bakery chain surged as shoppers flocked back to the high street in April. Plus, a trading update from Hotel Chocolat reveals a strong performance.
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Analysis & FeaturesWhat does the reopening mean for food and drink stocks?
With the FTSE250 at pre-Covid levels, and the FTSE350 actually trading higher, we look at how grocery, retail, leisure and food to go stocks have fared
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NewsGreggs’ frozen range flies as bakery chain’s stores suffer
“Throughout the pandemic, when Greggs was shut, we doubled our sales on that particular range,” said Iceland trading director Andrew Stanilan
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NewsNew Asda Worksop store features sit-down Greggs café
The 37,000 sq ft store features a range of food-to-go concepts, as Asda ramps up its partnerships with out-of-home companies
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NewsCity snapshot: Greggs to cut jobs as sales remain well below pre-coronavirus levels
Greggs has confirmed it will cut staff numbers as its level of custom will remain “below normal for the foreseeable future” as sales remain well down year-on-year. Plus, Hotel Chocolat falls to annual loss, B&M’s sales surge continues and all the rest of the latest news from the City.
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NewsGreggs targets supermarket concessions for growth post-Covid
Greggs has now reopened the vast majority of sites, including four concessions in Asda superstores
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NewsGreggs raises £150m through coronavirus Bank of England finance scheme
Greggs has raised £150 through the government created Covid Corporate Financing Facility.
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NewsCoronavirus: Greggs to close its stores tomorrow as weekly sales plunge 9.9%
Food to go chain Greggs has announced it will close its entire shop estate by the close of business on Tuesday 24 March in response to the coronavirus crisis
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NewsGreggs hints at expanding concessions across big four grocers
CEO Roger Whiteside said today that if the new trial with Asda was a success, other supermarket rivals may be interested
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NewsGreggs hails ‘exceptional’ year but New Year sales slow
Greggs has posted a jump in annual sales and profits following an ‘exceptional’ year for the food to go chain, but admitted it has seen a ‘significant’ slowdown in sales in February due to stormy weather.
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NewsGreggs gifts Stormzy ‘Concierge’ card in Twitter stunt
In a publicity stunt for the bakery chain on Twitter, Stormzy today announced his new “Greggs black card”