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Next week on the stock market

What to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week.

Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Among those currently scheduled to release results next week

08-Jan

Shell

Q4 Production Statement

09-Jan

B&M European Value Retail

Q3 Trading Statement

10-Jan

J Sainsbury*

Q3 Trading Statement

Greggs*

Q4 Trading Statement

Hunting

Q4 Trading Statement

Persimmon*

Q4 Trading Statement

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Greggs looks to cap off 2023 with a strong final quarter

2023 was a good year for Greggs by most measures, and next week’s trading update will shed light on how trading fared over the final quarter. As seen in the third quarter, expect to see like-for-like sales growth to slow from earlier in the year, given there won't be as much of a tailwind from price hikes. But it's a win in the long run as less pressure on costs makes it easier to keep prices in check and retain that coveted value offering.

Looking forward, expansion’s set to continue with the number of stores set to rise to 3,000 over the next few years. There’s also a big opportunity to capture and retain demand with momentum across the loyalty programme and new delivery partnerships. All in, the direction looks promising, though there are no guarantees.

Tesco hopes to prove it’s putting up a fight against Aldi and Lidl

Aldi and Lidl have had record Christmases. This suggests consumers are more willing to try a new grocer in a bid to save money amid the cost-of-living crisis. This could take an element of shine off Tesco’s trading statement next week – or at the very least prove customers are more focussed on value. But while we’re expecting the supermarket price bunfight to continue, we’re optimistic that Tesco’s had a merry Christmas.

The stiffer competition is worth noting, but the record numbers from the discounters also point to the fact consumers are willing to show up and spend if the proposition’s right. To that end, Tesco has a best-in-class offering, both when it comes to its value positioning thanks to things like Clubcard pricing, alongside its scale and product range. Last we heard from the group, trading was better than expected with retail like-for-like growth of 7.8%. That led to an uplift in full-year profit expectations, which we don’t think will be undone in next week’s statement.

The culture of treating ourselves at home bodes well for the sale of Tesco Finest products too, which have seen robust volume uplifts even before the festive season. As ever, remember no shareholder returns are guaranteed, all investments and any income they produce can go down in value as well as up.

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Written by
Aarin Chiekrie
Aarin Chiekrie
Equity Analyst

Aarin is a member of the Equity Research team. Alongside our other analysts, he provides regular research and analysis on individual companies and wider sectors. Having a keen interest in global economics, he knows how macro-events can impact individual companies.

Matt-Britzman
Matt Britzman
Equity Analyst

Matt is an Equity Analyst on the share research team, providing up-to-date research and analysis on individual companies and wider sectors.

Sophie Lund-Yates
Sophie Lund-Yates
Lead Equity Analyst

Sophie is a lead on our Equity Research team, providing research and regular articles on a selection of individual companies and wider sectors. Sophie's specialities are Retail, Fast Moving Consumer Goods (FMCG), Aerospace & Defence as well as a few of the big tech names including Facebook and Apple.

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Article history
Published: 9th January 2024