Added to YB: 2026-08-03
Pitch date: 2026-07-30
GRG.L [neutral]
Greggs plc
-4.52%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
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 1.9B
Pitch Price
GBP 19.69
Price Target
N/A
Dividend
3.67%
EV/EBITDA
6.29
P/E
14.59
EV/Sales
1.06
Sector
Hotels, Restaurants and Leisure
Category
growth
GRG-gy soggy underwater shorter
GRG.L (exited position): Author sells Greggs at £20.02/£2bn cap, locking 36.8% gain. Sales +7.2% (£1,101.5m) but sluggish LFL (managed +2.1%, franchise +1.3%). No cannibalization (£69.2k CFO/shop). Exit on soft organic growth, 2H26 profit dip from Derby costs/depreciation, energy inflation risk. Rotates into Helix (HEX) helium at 24p, avg 29.3p; ~9x PE, $88m cap, now producing 99.999% He, demand 6% CAGR to 2030 outstripping supply.
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