Greggs PLC Trading Update (7114Z)
December 15 2014 - 2:00AM
UK Regulatory
TIDMGRG
RNS Number : 7114Z
Greggs PLC
15 December 2014
15 December 2014
GREGGS plc
TRADING UPDATE
FOR THE 24 WEEKS TO 13 DECEMBER 2014
Greggs is the leading bakery food-on-the-go retailer in the
UK,
with almost 1,700 retail outlets throughout the country
Continued strong performance in the second half to date
-- Own shop like-for-like sales up 5.2% for the 24 weeks to 13 December (2013: 0.7%)
-- Year to date own shop like-for-like sales up 4.2% (same period 2013: 1.1% decline)
-- Total sales growth 3.6% year to date (2013: 3.7%)
-- LFL performance ahead of expectations, particularly given comparison with strong Q4 2013
-- Customers continue to respond well to products, value, service and investment in shops
-- Favourable trading environment with weather generally helpful
-- Now anticipate full year profits for the 53 weeks* to 3
January 2015 to be ahead of analysts' expectations
* anticipated negative profit impact of 53(rd) week circa
GBP1.3m compared with a 52 week year
Chief Executive Roger Whiteside comments:
"The strong performance that we reported in our September IMS
has continued. Trading conditions have remained helpful but there
is no doubt that customers are also responding to improvements in
our product and service offer and to the investment we are making
in the shop environment.
"Whilst there is still much to play for over the final few weeks
of the year we currently anticipate that full year profits will be
ahead of analysts' expectations. We expect to make a further update
on trading over the Christmas period in early January."
ENQUIRIES:
Greggs plc Hudson Sandler
Roger Whiteside, Chief Executive Wendy Baker
Richard Hutton, Finance Director Tel: 020 7796 4133
Tel: 0191 281 7721
This information is provided by RNS
The company news service from the London Stock Exchange
END
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