Greggs (LON:GRG) Announces Earnings Results

Greggs (LON:GRG) released its earnings results on Tuesday. The company reported GBX 150.70 ($1.92) earnings per share for the quarter, Digital Look Earnings reports. Greggs had a return on equity of 26.79% and a net margin of 7.13%.

Greggs Stock Performance

GRG stock opened at GBX 1,854 ($23.56) on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The business’s fifty day simple moving average is GBX 2,279.30 and its two-hundred day simple moving average is GBX 2,688.47. Greggs has a twelve month low of GBX 1,784 ($22.67) and a twelve month high of GBX 3,250 ($41.30). The firm has a market cap of £1.87 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 3.39 and a beta of 1.43.

Insider Activity

In related news, insider Nigel Mills bought 925 shares of the business’s stock in a transaction on Friday, January 10th. The shares were bought at an average price of GBX 2,149 ($27.31) per share, for a total transaction of £19,878.25 ($25,261.47). Insiders own 5.89% of the company’s stock.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,400 shops nationwide and approximately 32,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.