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Associated equity: Greggs
Greggs is the leading UK ‘food-on-the-go’ retailer. It uses vertical integration to offer differentiated products at competitive prices. Its ambition is to grow revenue to £2.4bn by FY26.
Greggs — 5 videos in collection
In this interview, Richard Hutton, CFO of Greggs, provides an update on the progress made in FY23 with respect to the company’s five-year growth plan and an outlook for the coming year. With respect to FY23, which was a very strong year for Greggs, Richard discusses how the store profile has evolved and the progress made with the evening and delivery initiatives, which are relatively new areas of growth for the company. We conclude by discussing Greggs’ competitive position in terms of market share and relative product pricing, how inflation affected FY23’s results and how it is expected to affect FY24.
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