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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Greggs PLC (GRG)

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Thursday 06 October, 2011

Greggs PLC

Interim Management Statement

RNS Number : 6547P
Greggs PLC
06 October 2011



6 October 2011





Greggs is the leading bakery retailer in the UK,

with over 1,500 retail outlets throughout the country,

serving freshly baked products to six million customers each week





Third quarter total sales up 5.4%, like-for-like sales up 0.8%



Year to date total sales up 4.6%, like-for-like sales up 0.6%



Net 53 new shops opened year to date; on track for record 80 net new openings



Two new bakeries operational following £21m investment



Chief Executive Ken McMeikan comments:




Total sales grew by 5.4 per cent in the third quarter of our financial year (13 weeks to 1 October 2011), including like-for-like growth of 0.8 per cent.  This compares with like-for-like sales growth of 0.4 per cent during the first half.  As a result, for the 39 weeks ended 1 October 2011, total sales have grown by 4.6 per cent and like-for-like sales by 0.6 per cent. 


In a tough environment, we have increased our investment in promotional activity, offering a range of outstanding meal deals that help our customers to make their money go further.  We continue to see good growth in breakfast sales including the roll out of Fairtrade coffee to all our shops.  In addition, the launch of our new 'Superstar Doughnuts' has been extremely popular, with more than 1.4 million sold in the first five weeks.




During the first 39 weeks of the financial year we have opened 66 shops and closed 13, making a net increase of 53 and giving us a total of 1,540 shops at 1 October 2011. 


New shops have been opened in a wide range of locations including the Westfield Stratford City development in London, where we broke all our previous records for a first day of trading.  We have also opened our new coffee shop concept "Greggs Moment" in Newcastle upon Tyne, a one shop trial that we will evaluate over the coming months. 


We also completed 48 shop refurbishments during the third quarter, bringing our total for the financial year to date to 138.  We remain on track to achieve our target of opening around 80 net new shops during the year as a whole and completing 160 refurbishments.


Supply Chain


Our new £4.5 million specialist confectionery bakery in Penrith is now fully operational, while our £16.5 million bakery in Newcastle upon Tyne has commenced production.  Both these major developments have been completed on time and on budget, delivering significant improvements in efficiency and in our capacity for future growth.  This represents a further important milestone in realising our long term supply chain strategy.


Following a successful three month trial in ten Iceland shops we have agreed to roll out the sale of frozen Greggs branded sausage rolls to more than 700 Iceland stores.




The trading environment remains challenging, with consumers' disposable incomes under pressure. We will continue to respond to this by offering our customers outstanding value through targeted promotional activity, supporting some of this investment through our continuing drive to improve business efficiencies.  Looking further ahead to 2012 there are signs of an easing in the rate of commodity price inflation in some areas, with the notable exception of energy. 


Our investment and expansion programmes are on track and the financial position of the business is strong.  We remain confident in the prospects for the Group and our expectations for the year are unchanged.  Further, we continue to believe that Greggs is well placed to deliver long term profitable growth for the benefit of shareholders, employees and the wider community.




Greggs plc

Hudson Sandler

Ken McMeikan, Chief Executive

Wendy Baker / Alex Brennan

Richard Hutton, Finance Director

Tel:  020 7796 4133


0191 281 7721


This information is provided by RNS
The company news service from the London Stock Exchange

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