Greggs’ enduring recipe for success on the high street

Greggs grew from a shop founded in Newcastle after the war into a national treasure. Profits will continue to roll in for patient investors, says Jamie Ward

Greggs, a British bakery chain
(Image credit: Getty Images)

Few names resonate on the British high street quite like Greggs (LSE: GRG). From its origins as a modest Newcastle bakery to its status as a national institution, Greggs has built a reputation for affordable, reliable fare that has underpinned decades of steady progress.

It stands as a rare success in a retail sector often marked by upheaval. Yet the past year has brought a sharp reversal: the share price has fallen nearly 50%, prompting questions about whether Greggs’ winning streak has faltered. The evidence suggests otherwise.

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Jamie is an analyst and former fund manager. He writes about companies for MoneyWeek and consults on investments to professional investors.