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Greggs’ nourishing performance
Newcastle-headquartered baker Greggs (GRG), a running Shares Great Ideas selection, delivered another nourishing performance in 2017. It served up (27 Feb) a 1.9% increase in adjusted pre-tax profit to £81.8m as like-for-like sales grew 3.7%. Despite cost and consumer spending headwinds, chief executive Roger Whiteside is also ‘encouraged’ by recent trading. The savoury snacks-to-sandwiches seller’s like-for-like sales were up 3.2% in the eight weeks to 24 February. (JC)