Added to YB: 2026-05-08
Pitch date: 2026-05-06
GRG.L [bullish]
Greggs plc
-0.79%
current return
Author Info
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Company Info
Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks.
Market Cap
GBP 1.5B
Pitch Price
GBP 15.12
Price Target
N/A
Dividend
4.69%
EV/EBITDA
5.44
P/E
12.34
EV/Sales
0.89
Sector
Hotels, Restaurants and Leisure
Category
value
The Resurrections Continue - I long for a GRG
GRG.L: Buying at £14.55 ahead of May trading update. 1Q26 LFL +1.6%, market outperformance vs peers. B2B profit +20% YoY (£66.5m), wholesale via Tesco/Iceland growing fast. 2,739 shops at 12.3x P/E, B2B at 11.5x P/E. 2026 FCF to jump £52m→£139m as capex drops £287m→£200m. Shorts down 13%→10.7%, face £10m div charge. Trades 50% discount to 20-25x peer multiples. Derby/Kettering automation starts July. BRC food sales +6.8% Mar on Easter boost.
Read full article (3 min)