Added to YB: 2026-03-06
Pitch date: 2026-03-04
GRG.L [neutral]
Greggs plc
Author Info
Summit Stocks shares weekly in-depth articles on the best stocks and insights into their portfolio. Sign up for the newsletter.
Company Info
Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks, as well as ready to drink canned products.
Market Cap
GBP 1.6B
Pitch Price
N/A
Price Target
N/A
Dividend
4.30%
EV/EBITDA
5.92
P/E
13.45
EV/Sales
0.94
Sector
Hotels, Restaurants and Leisure
Category
growth
Greggs’s Free Cash Flow Inflection Is Coming
GRG.L (earnings): U.K. food-to-go leader gaining share (8.1%→8.6%) despite volumes down 3.1% market-wide. Rev +6.8% to £2.15B but op profit -4% on heavy capex cycle. Capex peaks at £287.5M in 2025, drops to £200M in 2026, £150-170M from 2027+. FCF inflection: -£10.8M in 2025→~£90M in 2026→£100M+ in 2027. Trading ~19x 2026 P/FCF, 8x normalized FCF yield (~£200M potential). 2,739 stores, targeting 3,500+. App usage 26.7% of transactions. Early recovery signs: Q1 rev +6.3%, inflation easing to 3%.
Read full article (4 min)