Thanks for the article. I'm a bit reluctant to add as they have 2.6k stores opened compared to costa at 2.4k, Mcdonalds 1.4k or starbucks 1.2k. They tried to expand in Belgium but no success ... this makes me think it's a UK chain working only in the UK with a high store count. Will be happy to be proved wrong
As a sense check, I compared Gregg's to a FTSE 100 accumulation ETF over 5 years - https://g.co/finance/GRG:LON?window=5Y&comparison=LON%3ACUKX - and Gregg's is substantially ahead of it for long periods up until it wasn't at the start of this year.
YTD Gregg's down 35% and the FTSE 100 up 5%. Look over 1 year and it was 30 Sep when Gregg's began its fall.
Gregg's is like many, many other stocks. Great run until interest rates and inflation went up during 2022.
Gregg's did recover and was ahead of the FTSE 100 throughout 2023 all the way up until the start of January this year.
It might well bounce back and it does seem like a quality share but who knows?
Greggs need to expand internationally to sustain long term growth at these levels. Rep of Ireland would be a good starting point
Thanks for the article. I'm a bit reluctant to add as they have 2.6k stores opened compared to costa at 2.4k, Mcdonalds 1.4k or starbucks 1.2k. They tried to expand in Belgium but no success ... this makes me think it's a UK chain working only in the UK with a high store count. Will be happy to be proved wrong
As a sense check, I compared Gregg's to a FTSE 100 accumulation ETF over 5 years - https://g.co/finance/GRG:LON?window=5Y&comparison=LON%3ACUKX - and Gregg's is substantially ahead of it for long periods up until it wasn't at the start of this year.
YTD Gregg's down 35% and the FTSE 100 up 5%. Look over 1 year and it was 30 Sep when Gregg's began its fall.
Gregg's is like many, many other stocks. Great run until interest rates and inflation went up during 2022.
Gregg's did recover and was ahead of the FTSE 100 throughout 2023 all the way up until the start of January this year.
It might well bounce back and it does seem like a quality share but who knows?
Actually I only just realised the FTSE 100 was a special case in 2022 given exposure to energy and defensives.
Thanks for this! Was an informative and easy read.