Greggs rises as new pastry a hit

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Greggs rises as new pastry a hit
Luis Santos /
Master Investor Magazine

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High street bakery chain Greggs (LON:GRG) saw its share price increase by 7.37% to 1,720p (as of 13:05 GMT) after it reported a 14.1% rise in revenues for the seven weeks to 16th February. The company said that the publicity around the launch of its vegan sausage rolls had helped boost sales performance.

Sales in the company’s portfolio of managed stores were up by 9.6%, more than triple the 2.9% level seen in the same period of the prior year. While trading slackened slightly during February, management said that there would there would be a material improvement to first-half and 2019 full-year results.

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