date:Sep 12, 2012
Shores Clive Black and Darren Shirley said:Greggs is embarking upon a period of accelerated new space growth, augmented by potentially exciting complementary retail streams. This would be serviced by a demonstrably more modern and fit-for-purpose supply chain, they added.
The analysts predicted good earnings and dividend growth for the foreseeable future and, should like-for-like (LFL) volume ever persist, potentially significant margin upside.
They said: Conservatism runs through the fundamen