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Shares in Greggs PLC fell almost 5% after Jefferies warned that the baker is trying to push its sausage rolls into a growing headwind.  Analysts argue that the biggest threat to sales volumes of its meat pastries is increasingly pharmaceutical rather than the meteorological ones that have been blamed in the past year.

Shares in Greggs PLC (LSE:GRG) fell 6.5% to 1,658p on Thursday after the food-to-go group left guidance unchanged and delivered a trading update that failed to convince investors the recovery has real momentum. The shares moved lower despite the bakery chain reiterating expectations for the current financial year, with the market instead focusing on softer-than-hoped like-for-like sales growth and a more cautious…

Greggs PLC (LSE:GRG) reported higher sales for the fourth quarter and full year ended 27 December, despite challenging market conditions. Fourth quarter total sales increased 7.4%, while like-for-like sales in company-managed shops rose 2.9%.

Greggs (GGGSF) benefits from structural cost leadership via vertical integration, supporting superior gross margins and resilience against inflationary pressures. GGGSF's store expansion, supported by new distribution hubs, unlocks growth in non-traditional, high-traffic locations and addresses capacity constraints. Operating leverage and digital adoption drive margin expansion, while capex is expected to peak in…

Greggs plc is rated Buy, with a compelling recovery and re-rating opportunity as margin pressures abate. Geggs' thin margins mean small improvements in food, labour, or logistics costs can drive outsized profit and valuation gains. Store expansion, stabilising input costs, and normalising capex underpin a credible pathway to margin and earnings growth.