Greggs share price gains ground ahead of trading update

on Jan 12, 2015
Updated: Oct 21, 2019
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iNVEZZ.com, Monday, January 12: Shares in Greggs Plc (LON:GRG) have advanced more than one percent in today’s session ahead of the company’s trading update tomorrow. As of 13:47 GMT, Greggs’ share price had added 1.56 percent to stand at 749.50p. Shares in the bakery chain have rallied some 50 percent over the past year.

Greggs is scheduled to update the market on its recent performance tomorrow after unveiling like-for-like performance ahead of expectations a month ago. At the time, the bakery chain reported that itsLFL sales had jumped 5.2 percent in the 24 weeks to December 13, as compared with a 0.7 percent increase observed in the prior-year period. The company noted that customers were responding well to products, value and investment. Profits for the full year are now seen beating City expectations of about £53.6 million.
As of 14:32 GMT, Monday, 12 January, Greggs plc share price is 749.00p.

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