Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Greggs plc (LSE:GRG) has unveiled its 2024 sustainability update, showcasing meaningful strides in its five-year environmental and social responsibility initiative, known as The Greggs Pledge. This strategic plan is aligned with the United Nations Sustainable Development Goals and marks a series of notable accomplishments this year. Among the highlights are the establishment of more than 1,000 Breakfast Clubs for schoolchildren, the donation of one million meals through its collaboration with FareShare, and a top-four placement in the Business Benchmark on Farm Animal Welfare rankings.
Further demonstrating its dedication to eco-friendly practices, Greggs has rolled out heat-resistant lids made from recycled PET and expanded its network of Outlet shops to a total of 38. Looking ahead, the company is setting ambitious sustainability goals for 2025, including a focus on minimizing food waste, increasing the use of renewable energy, and enhancing its Eco-Shop design concepts.
Financial Snapshot and Market Sentiment
Greggs continues to post robust financial results, maintaining a track record of consistent revenue growth and profitability. The company’s stock currently appears undervalued, supported by a reasonable price-to-earnings ratio and an attractive dividend yield. Despite strong fundamentals and recent positive developments—such as executive share purchases and record-breaking sales—technical indicators suggest caution, as the stock is trading below key moving averages, signaling a bearish short-term trend.
About Greggs plc
Founded in 1939, Greggs is a leading UK-based food-on-the-go chain with a presence in over 2,600 locations and a workforce of around 33,000 employees. The brand is best known for its freshly prepared sandwiches, baked savouries, and expanding range of vegan and health-conscious offerings. Greggs actively supports local communities through initiatives such as the Breakfast Club program, which provides complimentary meals to children in need. The company also partners with Just Eat and UberEATS to offer delivery options to a wider customer base.
Key Stats:
-
Year-to-Date Share Price Change: -33.99%
-
Average Daily Trading Volume: 481,774
-
Technical Sentiment Indicator: Buy
-
Market Capitalization: £1.83 billion
