Greggs stock gained 1.91 percent as profit outlook improved

Published on 10/04/2026 at 23:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Greggs stock posted 7.7 percent sales growth in Q3 2026. Like-for-like shop sales rose 3.4 percent, while the 2026 store target stayed at 100 to 110.

Fotorealistische Bäckerei-Filiale mit frischen Backwaren im Schaufenster einer Einzelhandelskette — Greggs plc mit ISIN GB00B0H2K534 betreibt Filialen, ein realistisches Foto zeigt frische Backwaren im Schaufenster, Illustration mit AI erstellt.

Greggs (ISIN GB00B63QSB39) closed at GBp 2,026.0 on the London Stock Exchange on October 2, 2026, gaining 1.91 percent as the bakery retailer improved its full-year profit outlook. The third-quarter update showed faster sales growth, but a planned manufacturing overhaul adds a measurable execution test, as Yahoo Finance reported on September 30, 2026.

Third-quarter sales accelerate

Greggs total sales increased 7.7 percent in the 13 weeks to September 26, 2026, while like-for-like sales at company-managed shops rose 3.4 percent. That like-for-like rate exceeded the 2.1 percent increase recorded in the first half, according to Yahoo Finance.

Across the first 39 weeks of 2026, total sales were 7.4 percent higher and like-for-like growth reached 2.6 percent. Management therefore shifted its full-year expectation toward a modestly improved outcome instead of broadly matching the prior year's underlying pretax profit assumption.

Store rollout meets factory reset

Greggs had opened 95 shops and closed 38 by September 30, 2026, leaving a net addition of 57 stores. Management still expects 100 to 110 net new shops during 2026, according to Yahoo Finance.

The same update described a proposed manufacturing reset that could close four production sites. The strategic trade-off is clear: Greggs is pursuing a larger shop estate while concentrating production capacity, which places greater importance on delivery, labor consultation and cost control.

Broker targets split the outlook

Berenberg raised its Greggs price target from GBp 2,200 to GBp 2,300 and kept a Buy rating on October 1, 2026, citing stronger third-quarter trading and the improved full-year outlook, according to Scottish Widows.

The broader analyst picture is more restrained. Investing.com lists a Neutral consensus from 16 analysts, with 6 Buy, 6 Hold and 4 Sell ratings, an average 12-month target of GBp 1,887.4, a high of GBp 2,440 and a low of GBp 1,420.

Greggs stock stays near yearly high

Greggs stock closed at GBp 2,026.0 on October 2, 2026, with a session range of GBp 1,980.0 to GBp 2,054.0. The closing price was 1.36 percent below the 52-week high of GBp 2,054.0, while market capitalization stood at GBP 2.1 billion.