|Bid||2,650.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.35|
|PE ratio (TTM)||22.05|
|Earnings date||07 Mar 2023|
|Forward dividend & yield||0.59 (2.32%)|
|Ex-dividend date||27 Apr 2023|
|1y target est||3,075.45|
Management thinks there is potential for “significantly more” than 3,000 UK shops, writes Christopher Akers. Baker Greggs delivered a resilient annual performance despite continuing cost inflation pressures weighing down profit growth. While in line with previous guidance, total sales growth of almost a quarter and an 18 per cent uplift in like-for-like sales at company-managed shops were a reminder of the strength of Greggs’ brand and pricing power.
The cost of living squeeze has led more consumers to rely on low-cost meals.
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...