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$GRG · Greggs

My position since Jul 2025 · 1 buy · still held

What the pick did

1.4×

The stock in pounds, while I held it

S&P 500, same time1.3×

What my money did

1.2×

Pounds back (sold, still held and dividends) for every pound in, after costs

Sold · 51% of the money in0.9×

Still held · 49% of the money in1.4×

Dividends · on the money in+3%

S&P 500, same buys and sells1.2×

Every decision

2 July 2025Bought
100 year old brand with strong employee culture, and growth strategy plus healthy and stable dividend. Taken a hit in the last year for a few reasons including increasing employee costs in the UK and also slowing sales growth due to affordability. I actually feel like Greggs is going to be somewhat resilient in a recession, it's not the best quality food, but it's cheap. Stock down 15% today due to unexpected sales reforecast on very hot weather, that's a v.transient impact so happy to take advantage

On the podcast and in writing

In percentages and multiples, as one portfolio. Past performance is not a guide to future returns. Nothing here is financial advice, and I may buy or sell at any time.