Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Greggs plc is a leading British bakery chain and food-on-the-go retailer, renowned for its fresh, affordable savoury and sweet products. Founded in 1939 by John Gregg in Newcastle upon Tyne, where it remains headquartered, the company specializes in items like sausage rolls, sandwiches, pasties, baked goods, doughnuts, and hot drinks, emphasizing freshly prepared food using responsibly sourced ingredients. Greggs plc operates over 2,600 shops across the UK, including drive-thrus, delivery services via apps and partnerships like Just Eat and Uber, and innovative formats such as Bitesize Greggs in high-footfall areas like train stations. Its vertically integrated supply chain ensures quality control from nine regional bakeries to stores, supporting a business model focused on value, friendly service, and expansion into evening trading and digital channels. As a FTSE 250 constituent, Greggs plc plays a significant role in the UK retail and quick-service food sector, employing around 33,000 people and committing to sustainability goals like net zero by 2040 while contributing to community initiatives through the Greggs Foundation.
Operating margin is thin at 8.72%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 6.8%, steady but not accelerating. Free cash flow declined 34% despite revenue growth, conversion is weakening.
Free cash flow declined 34% versus the prior year, cash generation momentum has weakened. ROIC dropped from 16.00% to 13.13%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
£2.15B
▲ +6.8% YoY
Net Income (TTM)
£122M
▼ -20.3% YoY
Op. Margin
8.72%
▼ -1.0pp YoY
ROIC
13.13%
▼ -2.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£52M
▼ -33.6% YoY
Op. Cash Flow (TTM)
£132M
▼ -11.3% YoY
Net Debt
£404M
Cash & Equiv.
£71M
3Y CAGR: +12.5%
3Y CAGR: -29.6%
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