Greggs PLC is the largest bakery chain in the United Kingdom, specialising in both sweet and savoury products. The company is listed on the London Stock Exchange (LSE) under the ticker symbol "GRG" and is a constituent of the FTSE 250 Index.
The first Greggs was opened in 1951 and by the 1990s, was the largest bakery chain in the country. Greggs PLC acquired its major rival, Bakers Oven in 1994 and by 2017 the chain had 1,764 outlets including 143 franchised outlets.
Greggs PLC Market Influences
A range of influences play a significant role in determining the factors which impact Greggs PLC's long-term profitability. Factors affecting Greggs PLC include political stability, bureaucracy and interference in the retail industry by government and wage legislation - minimum wages and overtime.
Other macro influences such as inflation rates, savings rates, interest rates, foreign exchange rates and economic cycles also affect the share price of Greggs PLC.