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Greggs plc ( (GB:GRG) ) has provided an update.
Greggs reported improved trading in the first 19 weeks of 2026, with total sales up 7.5% to £800 million and like-for-like growth of 2.5%, accelerating to 3.3% in the last 10 weeks. Menu innovation, including the successful launch of a new Chicken Roll, enhanced pizza and hot food lines, revamped salads and new drinks such as Matcha-based beverages, is helping attract younger customers and support sales momentum.
The company opened 41 new shops, achieving 20 net additions to reach 2,759 outlets, and remains on track for around 120 net openings this year, including its first airport site outside the UK at Tenerife South in partnership with Lagardère Travel Retail. Major investments in a new frozen product facility in Derby and a National Distribution Centre in Kettering are progressing to plan, while cost inflation is expected to remain about 3% on a like-for-like basis, allowing Greggs to maintain its value positioning and keep full-year profit expectations unchanged despite geopolitical and inflationary uncertainties.
The most recent analyst rating on (GB:GRG) stock is a Buy with a £2200.00 price target. To see the full list of analyst forecasts on Greggs plc stock, see the GB:GRG Stock Forecast page.
Spark’s Take on GRG Stock
According to Spark, TipRanks’ AI Analyst, GRG is a Neutral.
The score is driven primarily by a still-healthy operating profile but softer 2025 earnings quality (margin/EPS decline and weaker free cash flow) and rising leverage. Valuation is supportive (P/E ~14 and ~3.34% yield), while technicals are broadly constructive but mixed on momentum. Earnings-call guidance is balanced: positive sales and inflation/capex outlook, offset by flat profit expectations and supply-chain investment headwinds.
To see Spark’s full report on GRG stock, click here.
More about Greggs plc
Greggs plc is a UK-based bakery food-on-the-go retailer, operating a large estate of company-managed and franchised shops. The group focuses on value-led bakery, hot food, snacks and drinks, increasingly expanding into travel, convenience and partnership locations with franchisees and grocery retailers.
Average Trading Volume: 442,155
Technical Sentiment Signal: Sell
Current Market Cap: £1.52B
For detailed information about GRG stock, go to TipRanks’ Stock Analysis page.