Greggs Update Eases Investor Concerns Despite Past Woes

25 days ago

Steven Carroll

"Finally, Gregs. Investors seemed convinced after the trading update this morning. They mentioned that training improved in August and September, cost inflation was easing, and the update confirmed previous expectations, providing some relief after a tough update in July when short sellers had taken big positions."

Greggs reported its best jump since 2021 following a trading update that showed improved in-store performance and easing inflationary pressures. Although challenges remain such as slower store openings and persistent volume weakness, the reassuring update has calmed investor fears, suggesting a potential recovery path.