Greggs share price: 4 things we learnt from its half-year results

Shareholders were rewarded for believing in the bakery chain with a £35 million pay out after an ‘exceptional’ performance over the last six months following strong growth as it ‘broadens its appeal for food on-the-go’.

Greggs has made a strong start, with it recording a significant hike in pre-tax profit over the first six months of trading, delighting shareholders who received a major windfall for their support as the company navigated a myriad of headwinds.

IG looks at the main takeaways from its impressive half-year results.

Greggs results wow investors

The bakery chain saw its pre-tax profit growth by 58% to £40.6 million in its first six months of trading, up from 25.7 million in the same period last year.

Total sales at Greggs increased by 14.7% to £546 million, while like-for-like sales in its stores rose by 10.5%.

Greggs rewards shareholders with major windfall

Greggs rewarded its shareholders for their ongoing support with a £35 million special dividend pay out to mark its ‘exceptional’ start to the new financial year.

Practise trading Greggs and other retail stocks with an IG demo account.

Greggs food on-the-go strategy a big hit with customers

The bakery chain has championed food on-the-go with it creating healthy vegan alternatives to many of its fan favourite items, including the plant-based sausage roll that launched in January.

The strategy has been a success with customers and will help the company hit its full-year targets.

‘We have continued to make strategic progress with our programmes of investment in infrastructure to support future growth and in developing the products and channels to market that will help achieve our ambition to be the customers’ favourite for food-on-the-go,’ Greggs CEO Roger Whiteside said.

Greggs steady expansion pays off

Over the first six months of the year, Greggs opened 54 new stores and closed 23, bringing its total to 1,984. Its decision to shut down non-performing stores and expand moderately into new areas paid off with it seeing double-digit sales growth so far this year.

‘Given the strength of our year to date and the outlook, we have decided to increase investment in strategic initiatives in the second half of the year to help to deliver an even stronger customer proposition and further growth in the years ahead,’ Whiteside said.

‘Our expectations for underlying profits for the year as a whole remain unchanged,’ he added.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

European Central Bank meeting

Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.