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SHOCKER: Greggs Share Price CRASHES 15%! Is the Bakery Giant in FREEFALL?!
Pie Lovers Panic! On July 2, the stocks of beloved bakery chain, Greggs, took a nosedive, plummeting 15% amid investor outrage over the latest trading update! Fast forward to September 1, and investors are left reeling as shares drop a staggering 20%! What happened to our beloved sausage rolls?
Expansion Frenzy: More Shops, More Trouble?
Greggs isn’t slacking off! No way! With plans to balloon from 2,078 to over 3,000 stores, they’re on a shop-opening spree! But is bigger really better? Investors are worried that all these new locations might not save the sinking ship!
Hoping for Late Night Cravings!
Could new evening trading hours save the day? Greggs is diversifying its game with late-night options. But can they reel in those hungry night owls? They better!
Tech Titans: Digital Sales Tick Up!
With their goodies now available on Just Eat and Uber Eats, digital sales edge up slightly—6.8% of company-managed shop revenue! But is that enough to salvage this sinking situation?
Customer Loyalty or Customer Loss?
Greggs is trying to woo customers with their app and social media buzz, ranking in the top 10 of Apple’s Food and Drink category! But with earnings plummeting, will loyal fans stick around, or will they jump ship?
The BIG Problem: Earnings Tumble!
Despite a 7% increase in total sales, profits are on a downward spiral! Operating profit down 7.1% and pre-tax earnings fall through the floor by 14.3%! What gives? The market’s nasty timing mixed with weather chaos has investors biting their nails!
Time for a Price Drop?!
As the stock prices tank, the yield surprisingly rises to 4.3%! But can Greggs reclaim its glory before investors bolt for the exits? Their shares currently sit at just 12.7 times expected earnings for 2025—is this an opportunity or a trap?!
Will Greggs Rise Again?
With a brand as strong as their pastries, many are holding onto hope! The stores may look bustling, but is it enough? It’s time for Greggs to turn this disaster around before they lose their place in the bakery hall of fame! Will they bounce back, or is this the beginning of the end? Stay tuned, pie fans! 🍰
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