Greggs on a roll


Greggs (LON: GRG) is set to report impressive interim figures on 30 July and upgrades are possible. However, the share price has already performed strongly, which means that the prospective multiple is high.

Like-for-like sales growth has been in double digits and the results announcement will provide indications of whether that can continue. Comparisons will be tougher in the second half.

While the vegan sausage roll has taken the headlines, the growth is based on much more than that. W...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.