Greggs plc (GRG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good morning, lovely to see so many of you here this morning and welcome to Greg's interim results. and it's quite a momentous occasion today because it is Richard Hutton's last interim sales presentation after 20 years as CFO at Greggs and 28 years with the business. So Richard became CFO a little over 20 years ago in May 2006 and Richard the share price at that time was around 160 pence and that is taking into account the stock up split and the market cap at that time was around 180 million. At the time we had two UK brands we had Greggs and we had Baker's Oven and we also had a small chain of shops in Belgium at that time Richard. So we ended that year with Richard being CFO with 1300 shops and we delivered 40 million pounds of pbt in that year. Richard's also been a long-standing trustee of our Greggs Foundation and he's been a real champion of the Greggs Breakfast Clubs from their very inception back in 1999 so probably sits here very proudly being able to talk about the fact that we feed 75,000 children every school day that would otherwise not have a So can I just ask you to give them a huge round of applause. Richard sees most of what we're going to deliver today but he hasn't seen any of that. What I would say is the great news is he remains in role until the end of this year so you still will have countless conversations with him and he will still be here for our October trading update. I'm also delighted to announce that Ben Waldron will join us as CFO designate from the end of October and then he will take over the role as CFO. CFO on the 1st of January 2027 and between the period of Ben joining us and Richard leaving it will be a seamless and smooth transition as they work together with the senior finance team to deliver that. So back to the agenda, w...