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    GRG   GB00B63QSB39

GREGGS PLC

(GRG)
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Real-time Estimate Cboe Europe  -  08:46 2022-12-09 am EST
2364.00 GBX   +1.20%
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UK's Greggs raises price of sausage roll again

10/04/2022 | 03:53am EST
FILE PHOTO: A Christmas themed window display at a branch of Greggs in London

LONDON (Reuters) - British baker and fast food chain Greggs this week introduced a further round of price rises, including for the sausage rolls it is famous for, as it battles rising costs, its boss said on Tuesday.

"We have put a small number of rises across products as of yesterday, we've worked hard to mitigate that," Chief Executive Roisin Currie told Reuters.

She said a Greggs sausage roll was 1.05 pound ($1.20) at the start of the year, moved to 1.10 pound in May and is now 1.15 pound.

Price rises on other products were 5 pence to 10 pence.

Currie said she hoped it would be the final round of price increases this year but could not guarantee it.

She was speaking after Greggs reported strong third quarter trading, sending its shares up 7.9%.

($1 = 0.8770 pounds)

(Reporting by James Davey, Editing by Kylie MacLellan)


ę Reuters 2022
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Analyst Recommendations on GREGGS PLC
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Financials
Sales 2022 1 451 M 1 774 M 1 774 M
Net income 2022 121 M 147 M 147 M
Net Debt 2022 138 M 169 M 169 M
P/E ratio 2022 19,8x
Yield 2022 2,53%
Capitalization 2 365 M 2 890 M 2 890 M
EV / Sales 2022 1,72x
EV / Sales 2023 1,59x
Nbr of Employees 25 174
Free-Float 93,8%
Chart GREGGS PLC
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Technical analysis trends GREGGS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 2 336,00 GBX
Average target price 2 802,50 GBX
Spread / Average Target 20,0%
EPS Revisions
Managers and Directors
Roisin Currie Chief Executive Officer & Executive Director
Richard John Hutton Finance Director & Executive Director
Matthew Samuel Davies Chairman
Helena L. Ganczakowski Independent Non-Executive Director
Sandra Turner Senior Independent Non-Executive Director
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