Mar 3, 2020

Greggs: stormproof sausage role 

Coming off a strong year, with pre-tax profits up 27 per cent before exceptionals to £114.2m, the fast-growing food retailer has had a flaky start to 2020. Comparable sales in stores it manages grew just 7.5 per cent in the first two months of the year. Last year's 44.9p dividend was up by a quarter. The shares, down 5 per cent this year so far, have comfortably outperformed the FTSE 250 over one and three years. There is nothing fancy about Greggs or its sausage rolls.

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