Greggs – Return Of Business Rates Hampers Profits

This article was originally published on ValueWalk

Greggs Microsoft worst performing small-cap stocks in Q2 2022 best performing small-cap stocks in Q2 2022

Greggs plc (LON:GRG)’s half year sales of £694.5m were 27.1% higher than last year, with like-for-like (LFL) sales up 12.3% compared to pre-pandemic levels. Despite the higher revenue, pre-tax profit was broadly flat at £55.8m, reflecting the re-introduction of business rates after a grace period during the pandemic, higher VAT and increased input costs from […]

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