Greggs PLC
12 January 2007
12 January 2007
GREGGS plc
TRADING UPDATE
Greggs is the UK's leading retailer specialising in sandwiches, savouries and
other bakery products, with a particular focus on takeaway food and catering. It
has over 1,300 retail outlets throughout the UK, trading under the Greggs and
Bakers Oven brands.
Group Managing Director Sir Michael Darrington reports: "I am pleased to confirm
that the more positive sales trend noted in our last trading update on 18
December continued to the end of the year, in line with our expectations.
Like-for-like sales in the last three weeks of our financial year to 30 December
2006 rose by 3.3 per cent. In consequence, like-for-like sales over the second
half as a whole increased by 0.9 per cent.
"Like-for-like sales in the first week of 2007 showed a similar increase to
those over the Christmas period.
"During the year we opened 48 new shops and closed 31, a higher than usual
number of closures reflecting the rationalisation of Bakers Oven in the North
and Scotland. This gave us a net addition of 17 units and a total of 1,336 at 30
December 2006.
"The preliminary announcement of our 2006 results is scheduled for Friday, 9
March 2007."
ENQUIRIES:
Greggs plc Hudson Sandler
Richard Hutton, Finance Director Jessica Rouleau / Michael Sandler
Tel: 0191 281 7721 Tel: 020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.