Greggs stock reports stronger Q3 sales and 2026 outlook improved

Published on 10/05/2026 at 18:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Greggs stock was last at GBp 2,016 on October 5, 2026, after Q3 sales rose 7.7 percent. The company now expects a modestly improved 2026 outcome.

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 stock (ISIN GB00B63QSB39) was last at GBp 2,016 on the London Stock Exchange on October 5, 2026, down 0.49 percent from the prior close. The catalyst is the company's September 30 trading update, which reported 7.7 percent total sales growth in the 13 weeks to September 26 and a modestly improved 2026 outlook, according to Investegate.

Q3 sales gain momentum

Company-managed like-for-like sales increased 3.4 percent in Q3, compared with 2.1 percent in the first half, while total sales for the first 39 weeks rose 7.4 percent. Reuters reported on September 30 that new products and more settled weather in August and September helped accelerate underlying sales.

The improvement is visible in the sequence of comparable sales figures rather than only in the headline total. Greggs also opened 95 shops and closed 38 in the year to September 26, producing 57 net new locations and a total estate of 2,796 shops, according to Investegate.

Restructuring adds a cost test

The same update proposed consolidating manufacturing operations, with four sites under consultation and 740 roles potentially affected over two and a half years. The proposals carry GBP 60 million of cash costs, including GBP 40 million of capital expenditure, while Greggs expects GBP 20 million of annual pretax operating savings across 2028 and 2029, according to Investegate.

That timing creates a clear investor tradeoff: the proposed savings arrive in 2028 and 2029, while new distribution centers in Derby and Kettering are expected to increase costs in 2027 before supporting later growth. Greggs still expects 100 to 110 net new shops in 2026 and 12 Greggs Express installations.

Analyst targets remain divided

The analyst consensus at Investing.com was Neutral, based on 16 analysts, with 6 Buy, 6 Hold and 4 Sell ratings. The average 12-month target was GBp 1,887.4, with a GBp 1,420 low and GBp 2,440 high, placing the average 6.38 percent below the October 5 price of GBp 2,016.

Recent broker views show the spread behind that average. MarketBeat reported on October 1 that Deutsche Bank raised its target from GBp 1,330 to GBp 1,420 while retaining Sell, whereas Berenberg raised its target from GBp 2,200 to GBp 2,300 and kept Buy, as reported by MarketBeat.

Greggs stock stays near yearly high

Greggs stock was last at GBp 2,016 on the LSE at 4:35 p.m. London time on October 5, 2026, with a 52-week range of GBp 1,407.20 to GBp 2,058 and volume of 590,562 shares. The market capitalization was GBP 2.1 billion on the same date, leaving the price 2.04 percent below the 52-week high.