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Greggs raises profits outlook

first_imgBakery chain Greggs delivered a shock trading update this morning to reveal that its full-year profits would be ahead of analysts’ expectations.Chief executive Roger Whiteside said customers were ‘responding’ to improvements in products and services – as it unveiled own shop like-for-like sales (LFLs) growth of 5.2% for the 24 weeks to 13 December, compared with growth of just 0.7% in the same period last year.For the year-to-date LFLs were up 4.2%, added Greggs, significantly better than the -1.1% decline seen in the same period in 2013.Total sales were also up by 3.6%.Whiteside said: “The strong performance that we reported in our September IMS has continued. Trading conditions have remained helpful, but there is no doubt that customers are also responding to improvements in our product and service offer and to the investment we are making in the shop environment.“Whilst there is still much to play for over the final few weeks of the year, we currently anticipate that full-year profits will be ahead of analysts’ expectations.”The company said it would also update the market following its Christmas trading period and ahead of its full-year results.last_img read more

Governor Wolf Praises Continued Use of Easton Plant for MLB Manufacturing

first_imgGovernor Wolf Praises Continued Use of Easton Plant for MLB Manufacturing April 04, 2017 Economy,  Jobs That Pay,  Press Release,  Results Easton, PA – Governor Tom Wolf today joined Major League Baseball Commissioner Rob Manfred and others to announce the continued use of Majestic’s Easton plant to manufacturer apparel for the MLB by Fanatics and Under Armour. This morning, VF Corporation announced that it was selling Majestic to Fanatics.“For more than a decade, if you watched a MLB game anywhere in the country, apparel made in Pennsylvania was proudly on display, and today’s announcement affirms that the proud tradition of making MLB apparel will continue in the Lehigh Valley,” Governor Wolf said. “The continued use of the Majestic facility is important news for the commonwealth, the region and the talented employees who are true baseball fans with a genuine pride in what they do. I want to thank everyone involved for working so hard to preserve this storied tradition in the Lehigh Valley that contributes to the treasure of our national pastime.”Today in Easton, Governor Wolf also joined Fanatics Owner and Executive Chairman Michael Rubin, Majestic President Mike Pardini, Attorney General Josh Shapiro and workers from the facility.In November 2016, Governor Wolf wrote Commissioner Manfred to request the opportunity to make the pitch on keeping MLB manufacturing in Pennsylvania and the two spoke by phone earlier this year. The governor today thanked the Commissioner, along with Fanatics, Majestic and Under Armour, for their continued commitment to Pennsylvania.center_img SHARE Email Facebook Twitterlast_img read more