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Greggs

Greggs PLC is a U.K.-based company that is principally engaged in manufacturing, distributing, and retailing bakery goods, sandwiches, and drinks under the Greggs brand. The company focuses on the food-on-the-go market. It has a vertically integrated supply network, with its bakeries & delivery network. Greggs operates in two segments: Company-managed retail activities which generates key revenue, and B2B channels. Its shops are located in retail & industrial parks, motorway service stations, and travel hubs, to meet the demands of busy customers.

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Earnings

GGGSF

Greggs Full-Year Profit Surges

Greggs H1 Profit Down 4.5%

Greggs PLC

<b>Greggs PLC</b> (OTC: <a class="ticker" href="/stock/gggsf#OTC">GGGSF</a>) reported a 50% rise in its pretax profit for 2014.

Greggs posted a pretax profit of GBP49.7 million for the year, compared to a year-ago profit of GBP33.2 million. Profit attributable to equity holders climbed to 37.56 million pounds versus 24.19 million pounds, while EPS gained to 36.8 pence from 23.9 pence.

Its revenue climbed to GBP804 million from GBP762.4 million, while like-for-like sales jumped 4.5% in the year.

The company's profit, before tax and one-time items, jumped 41% to GBP58.3 million in the same period, while EPS excluding exceptional items rose to 43.4 pence from 30.6 pence.

Its like-for-like sales rose 6.3% for the eight weeks to February 28.

The company's board lifted dividend by 12.8% to 22 pence per share and announced plans to resume share buyback program.


Greggs (OTC: <a class="ticker" href="/stock/gggsf#OTC">GGGSF</a>) posted a 4.5% drop in its first-half profit. 

Its total sales rose 4.5% to 350 million pounds in the same period. Its pretax profit dropped to 16.5 million pounds, versus 17.3 million pounds, in the year-ago period.


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