Greggs declares dividend per share increase of 11.2% and a special dividend

DividendMax Ltd.

Greggs declares dividend per share increase of 11.2% and a special dividend

Interim dividend per share up 11.2% to 11.9p in line with their policy of paying one third of the previous year's total dividend as an interim dividend

Special dividend of 35.0p per share declared

 

First half financial highlights include:

Total sales up 14.7% to £546m

Company-managed shop like-for-like sales* up 10.5%

Underlying pre-tax profit margin of 7.5% (H1 2018: 5.4%) driven by strong sales growth and operational cost control

Underlying pre-tax profit excluding property gains** and exceptional charge*** £40.6m (H1 2018: £25.7m)

Reported pre-tax profit including property gains and exceptional charge £36.7m (H1 2018: £24.1m)

Strong cash generation supporting investment programme and enhanced returns to shareholders

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