07:00 Mon 11 Nov 2019
Greggs PLC - Trading Update
TRADING UPDATE
Greggs is a leading
with more than 2,000 retail outlets throughout the country
STRONG TRADING MOMENTUM MAINTAINED DESPITE STRENGTHENING COMPARATORS
· Total sales up 12.4% for the six weeks to
· Company-managed shop like-for-like sales up 8.3% for the six weeks to 9 November 2019
· Like-for-like performance has held up well against strengthening prior year sales
· Now anticipate 2019 full year profit before tax (excluding exceptional charges) to be higher than our previous expectations
Trading performance and outlook
Trading performance in the fourth quarter to date has continued to be very strong, despite the strengthening comparators seen in 2018. In the six weeks to
Sales growth continues to be driven by increased customer visits and has been stronger than we had expected given the improving comparative sales pattern that we saw in the fourth quarter last year. Operational costs remain well controlled and, whilst the comparative sales become stronger still in the balance of the year, the Board now anticipates that full year underlying profit before tax (excluding exceptional charges) will be higher than our previous expectations.
ENQUIRIES: |
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Tel: 0191 281 7721 |
Tel: 020 7796 4133 |
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