Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Kiwi backs off seven-week high after steep GDP contraction

September 18, 2025

Why are foreign investors selling Indian stocks but chasing IPOs?

September 18, 2025

Goldman Sachs: foreign investment surges as China adds US$3 trillion to the markets

September 18, 2025
Facebook X (Twitter) Instagram
Thursday, September 18
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Record Sales and Strategic Growth Amidst …
Business

Record Sales and Strategic Growth Amidst …

adminBy adminJuly 1, 2007No Comments4 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 76


Release Date: March 04, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Greggs PLC (GGGSF) achieved record sales of over 2 billion pounds in 2024, marking an 11% total sales growth.

The company reported a strong profit delivery with underlying pre-tax profits of 189.8 million pounds, a growth of 13.2%.

Greggs PLC (GGGSF) opened 226 new shops in 2024, resulting in a net growth of 145 shops, with a healthy pipeline for future openings.

The evening sales strategy is progressing well, now representing 9% of company-managed shop sales, and delivery sales have grown to 6.7% of sales.

The Greggs app has seen significant growth, with 1 in 5 transactions now scanned through the app, enhancing customer engagement and data collection.

The trading environment in 2024 was challenging, with low consumer confidence and a static physical market in volume terms.

Greggs PLC (GGGSF) faces significant inflationary pressures, particularly in wage costs, with an expected 8% wage inflation in the coming year.

The company anticipates a 6% overall cost inflation for 2025, driven by wage and energy costs.

Greggs PLC (GGGSF) is entering a peak investment phase, with capital expenditure expected to reach 300 million pounds, impacting cash flow.

The company is experiencing higher administrative expenses due to increased investment in technology and ERP systems.

Q: Can you provide more details on the strategic growth drivers and how they are impacting Greggs’ performance? A: Roisin Currie, CEO, highlighted that Greggs’ strategic growth drivers include menu innovation, expanding shop locations, and enhancing digital channels. The introduction of new products like the over-a-drinks range and hot wraps has been successful. The company continues to open new shops, with a focus on underrepresented areas, and is investing in digital capabilities to enhance customer engagement and sales.

Q: How is Greggs managing cost inflation, particularly in terms of wages and food costs? A: Richard Hutton, CFO, explained that Greggs is experiencing cost inflation, especially in wages, with an expected 8% increase. The company is managing this through strategic pricing and cost recovery measures. Food and packaging costs were slightly deflationary last year, and they expect single-digit inflation in the coming year. Greggs aims to maintain its value proposition despite these pressures.

Q: What are the plans for expanding Greggs’ shop network, and how are new locations performing? A: Roisin Currie stated that Greggs plans to open 140 to 150 new shops in the coming year, with a focus on areas where they are underrepresented. New shops are delivering strong returns, typically achieving a 25% return on investment within two years. The company is also relocating and refurbishing existing shops to better serve customers and enhance sales.

Story Continues

Q: Can you elaborate on the investment in supply chain and technology, and how it supports Greggs’ growth? A: Richard Hutton mentioned that Greggs is in a peak investment phase, focusing on expanding supply chain capacity with new sites in Derby and Kettering. These investments will support the company’s growth plans by increasing production and distribution capabilities. Additionally, Greggs is investing in technology, including upgrading its ERP system, to improve operational efficiency and customer experience.

Q: How is Greggs addressing the evening trade and delivery channels to boost sales? A: Roisin Currie highlighted that evening trade is the fastest-growing segment, now representing 9% of company-managed shop sales. Greggs is expanding its menu options for the evening consumer and enhancing delivery services through partnerships with Uber Eats and Just Eat. The company is also leveraging its app to drive customer engagement and sales, with 1 in 5 transactions now scanned through the app.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

This article first appeared on GuruFocus.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

Goldman Sachs: foreign investment surges as China adds US$3 trillion to the markets

September 18, 2025
Business

Hong Kong and UAE strengthen financial ties with ETF and fund accords

September 18, 2025
Business

Fintech evolution paves the way for global banks to set up in Hong Kong: HKMA

September 18, 2025
Business

HSBC, Standard Chartered, BOCHK cut prime rates for first time since December

September 18, 2025
Business

Breaking | Tech war: Huawei bypasses Nvidia AI chips in computing breakthrough for China

September 18, 2025
Business

Hong Kong stocks slip as Fed’s priced-in rate cut fails to excite investors

September 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Saif Textile Mills, SkyElectric sign 10MW solar partnership – Business & Finance

September 18, 2025

SECP, PSX launch ‘Investment Awareness Initiative’ in KP – Business & Finance

September 18, 2025

Rice growers: Punjab to launch ‘Hi-Tech Bank Financing Programme’ – Business & Finance

September 18, 2025

Indonesian envoy highlights various sectors for trade – Business & Finance

September 18, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Kiwi backs off seven-week high after steep GDP contraction
  • Why are foreign investors selling Indian stocks but chasing IPOs?
  • Goldman Sachs: foreign investment surges as China adds US$3 trillion to the markets
  • Goldman Sachs: foreign investment surges as China adds US$3 trillion to the markets
  • Sterling backs off two-month high before BoE decisions

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Kiwi backs off seven-week high after steep GDP contraction

September 18, 2025

Why are foreign investors selling Indian stocks but chasing IPOs?

September 18, 2025

Goldman Sachs: foreign investment surges as China adds US$3 trillion to the markets

September 18, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.