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Greggs plc (GRG.L)

Consumer Cyclical Balanced

A high street baking institution feeding millions of Britons daily with sausage rolls and vegan bakes.

£18.80
≈ 1,880p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Greggs plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Beloved household brand with immense customer loyalty. Worth weighing: Vulnerable to increases in minimum wage and ingredient costs. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-40.0%
52-week range-4% past year
£18.80
Low £14.07High £20.46
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Greggs plc
£600-40%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Greggs plc actually fallen?

−56%

Over the last 2 years of daily prices, Greggs plc fell as much as −56% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£1.92B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
443.18K
Day range: The lowest and highest price the shares traded at during the latest day.
£18.66 – £19.94
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£14.07 – £20.46
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
14.6
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
3.7%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.15
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.15
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +3% past week · ▼ -4% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Successful evening trading and digital delivery capture entirely new markets

The bear case

Saturation of the domestic market limits further meaningful growth

What does Greggs plc do?

Famous for dominating high streets and retail parks alongside traditional bakery rivals, this business keeps the nation caffeinated and fed through a massive estate of quick-service shops. Revenue rolls in directly from everyday customers picking up breakfast deals and lunch combos on the go. The real focus for observers is whether it can keep expanding its shop footprint and managing rising staff costs without losing its famous value-for-money appeal.

VQGMI
Factor profile

On our factor screen it looks strongest on momentum and growth, and weakest on value.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 52Quality: How profitable and financially healthy the company is (higher = stronger). 57Growth: How fast revenue and earnings are growing (higher = faster). 63Momentum: How the share price has been trending recently (higher = stronger recent run). 76Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 59
Quick checks
What's strong
  • Momentum screens high (76/100)
  • Beloved household brand with immense customer loyalty
  • Solid profitability reflected in a healthy return on equity
  • Consistent track record of rewarding shareholders with dividends
What to watch
  • Persistently high inflation squeezing household disposable incomes
  • Rising commercial property rents on high street locations
  • Supply chain disruptions affecting daily bakery operations

What do Greggs plc's numbers mean?

P/E
14.6
Investors are currently paying about fifteen pounds for every pound of annual profit the company generates.
Lower than most of the 104 Consumer Cyclical shares we cover
Dividend yield
3.4%
This shows the annual cash payout distributed to shareholders relative to the share price.
Higher than most of the 122 Consumer Cyclical shares we cover
Gross margin
61.7%
For every pound taken at the till, over sixty pence remains after covering the direct cost of ingredients and baking.
Higher than most of the 122 Consumer Cyclical shares we cover
Return on equity
22.0%
A strong measure of how efficiently management uses shareholders' money to generate net profits.
Around the middle of the 103 Consumer Cyclical shares we cover

Does Greggs plc pay a dividend?

Yes - Greggs plc currently pays a dividend of about 3.7% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Greggs plc's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield3.7%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio54%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover1.9×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Greggs plc report earnings, and how did recent quarters go?

Greggs plc is next scheduled to report on about 2027-03-02 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Consumer Cyclical

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What are the scenarios for Greggs plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£22£19£14today · £19▲ Bull · £20• Base · £19▼ Bear · £17in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +12%Strong seasonal trading updates beat expectations
Base
-2% to +4%Steady high street footfall matches current forecasts
Bear
-10% to -5%Sudden spikes in ingredient or energy costs pinch profits

What are the pros and cons of Greggs plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Beloved household brand with immense customer loyalty
  • Solid profitability reflected in a healthy return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business.
  • Consistent track record of rewarding shareholders with dividends
The catch3
  • Vulnerable to increases in minimum wage and ingredient costs
  • Heavy reliance on the UK consumer market
  • Limited international diversification to offset local slowdowns
Key risks3
  • Persistently high inflation squeezing household disposable incomes
  • Rising commercial property rents on high street locations
  • Supply chain disruptions affecting daily bakery operations
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.