Will rising profits continue to bolster the Greggs share price?

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Karl Loomes | Monday, 27th January, 2020 | More on: GRG “This Stock Could Be Like Buying Amazon in 1997” Will rising profits continue to bolster the Greggs share price? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The Motley Fool UK has no position in any of the shares mentioned. Karl has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Karl Loomes I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. It was hard to imagine, not that many years ago, that a seemingly meat-loving, old-fashioned and perhaps even cheap bakery like Greggs (LSE: GRG) would be able to move with the times. Trendy, artisan bakeries and shops were becoming the norm, while a growing market of vegetarian and vegan consumers seemed highly unlikely to be the backbone of a company whose number one product – the sausage roll – was king.Of course we know how this went. As well as outfitting some of its stores in a more café-like, sit-in-and-enjoy style, the introduction of the vegan sausage roll has taken on an almost cultural significance. It’s perhaps a sign of Greggs’ overall popularity that just one addition to its product line could garner such interest.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Greggs deliveryYet another modern arena it now seems to be making moves into is delivery service. Specifically, it recently announced it would be partnering with Just Eat to offer its products exclusively – much to the chagrin of UberEats and Deliveroo. The company is also trialling electronic pads that allow for click & collect.I think from an investor’s standpoint these are good signs. Greggs has so far managed to move with the times, and yet somehow maintain, for better or worse, its previous image. Interestingly, I think in terms of its products at least, in many ways Greggs can be compared to the US giant McDonald’s. The original concept behind McDonald’s was that a consumer could walk into a store anywhere in the US (and now, of course, the world), and know exactly what they were getting – a Big Mac in New York tastes the same as a Big Mac in Hong Kong.Greggs’ food is very much the same. When you go into a Greggs in any part of the country, you know exactly what you’re getting – it will taste identical to the Greggs you had the week before in a different city. This is a very successful business model.As long as we like pasties…As I said, a few years ago, I couldn’t have imagined Greggs being able to move with the times with the success that it has managed. The fact that it has been able to do this encourages me on two major fronts for the future of its shares.Firstly, the management of the company has shown a willingness to change and adapt – always key to the success of any firm. What’s more, it has seemingly done this in the right way, with well-picked choices regarding what to change and what to preserve.Secondly, and perhaps more importantly, has been its continued sales growth in a period when more people are more health-conscious, as well as more vegan and more interested in ‘artisan’ products. Most people know Greggs’ baked products are not the healthiest, but we like them just the same. I can’t see this changing any time soon.last_img read more

"Will rising profits continue to bolster the Greggs share price?"