UK’s Greggs tops FTSE mid-cap index on intact FY guidance, Q3 sales rise

Greggs

01/10/2025 08:35

** Shares of Greggs GRG.L rise 11.5% to 1,790p, top gainer on FTSE mid-cap index .FTMC

** The bakery and fast-food chain reports Q3 total sales up 6.1%, company-managed shop like-for-like sales up 1.5% y/y

** Co says business improved in August and September after heat-affected July

** Board's expectation for the full-year outcome is unchanged

** "Encouraged to see Greggs retain its FY guidance, and continues to expect an acceleration in like-for-like sales as we progress into Q4", says Jefferies

** YTD, including session’s gains, stock down about 39.1%

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))